a small online store projects its monthly income to be $8,000. its monthly costs are $2,500 for products…
a small online store projects its monthly income to be $8,000. its monthly costs are $2,500 for products, $1,750 for shipping, and $1,225 for other expenses. what is the stores projected profit?
Answer
Explanation:
Step1: Calculate total costs
Add up all the costs: (2500 + 1750+1225). [ \begin{align*} 2500+1750 + 1225&=(2500+1750)+1225\ &=4250+1225\ &= 5475 \end{align*} ]
Step2: Calculate profit
Profit = Income - Total Costs. Income is (8000), total costs is (5475). So (8000 - 5475). [ \begin{align*} 8000-5475&=(7999 + 1)-(5474+1)\ &=(7999-5474)+(1 - 1)\ &=2525+0\ &=2525 \end{align*} ]
Answer:
(2525)