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nika2105 [10]
3 years ago
7

If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?

Business
1 answer:
frez [133]3 years ago
3 0

Answer: $1,110 .

Explanation:

Given : Amount received by concession stand in gameday sales = $5,550

i.e. Gross income = $5,550

Profit  for the event = $3,330

i.e. Net income =$3,330

According to the Net income formula ,

Gross income - expenses = Net income

⇒ Expenses = Gross income - Net income

⇒ Expenses = $5,550- $3,330

⇒ Expenses = $1,110

Thus , the expenses were $1,110 .

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