Mary and Lamar establish a tutoring service at a local mall. They tutor college students in math and English. They charge $40 pe

Question

3 years ago

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Mary and Lamar establish a tutoring service at a local mall. They tutor college students in math and English. They charge $40 pe

r hour for tutoring. In the month of January they charged for 200 tutoring hours. The expenses of their business are given in the table below. Expense Amount/Month Rent of Space $4000 Electricity $325 Advertising $375 Using the formula Profit = $40(number of hours) – (expenses) , calculate their profit for the month of January.

Mathematics

1 answer:

Hatshy [7] · Answer 1 · 2022-06-21T00:55:16+03:00

The profit is $3300 for the month of January.

Step-by-step explanation:

Per hour charge = $40

Total number of tutoring hours = 200

Rent of space = $4000

Electricity = $325

Advertising = $375

Total expenses = 4000+325+375 = $4700

Profit = $40(number of hours) - (expenses)

$Profit=\$40(200)-4700\\Profit=\$8000-4700\\Profit=\$3300$

The profit is $3300 for the month of January.

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