In February, Campus Cycle Repair had income from sales of $16,000. Expenses for the month included: rent, $1,250; utilities, $45
1 answer:
Answer:
Profit $5700
Step-by-step explanation:
To find loss/profit you subtract the expenses from the total income
Income from sales= $16000
Franchise fee= 5% of sales income
Rent=$1250
Utilities=$450
Wages=$4800
insurance=$300
supplies=$2700
Total expenses
=$1250+$450+$4800+$300+$2700+$800=$10300
Total income
=$16000
Profit
=$16000-$10300=$5700
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