julia started a business that sells a new electronics device. during its first six months, the business sold…

julia started a business that sells a new electronics device. during its first six months, the business sold $500,000 worth of devices. it cost $400,000 to make the devices and $60,000 to sell them. read the scenario. what was the businesss profit after its first six months? $40,000 $50,000 $60,000 $70,000

julia started a business that sells a new electronics device. during its first six months, the business sold $500,000 worth of devices. it cost $400,000 to make the devices and $60,000 to sell them. read the scenario. what was the businesss profit after its first six months? $40,000 $50,000 $60,000 $70,000

Answer

Explanation:

Step1: Calculate total cost

Total cost = Cost of making + Cost of selling = $400000 + 60000=$460000$

Step2: Calculate profit

Profit = Revenue - Total cost = $500000 - 460000=$40000$

Answer:

$40000$ (corresponding to the first option in the multiple - choice list)