Amanda runs a consultancy firm. For a given year, her income from services was $30,700. Direct expenses incurred by her for the

Question

2 years ago

8

Amanda runs a consultancy firm. For a given year, her income from services was $30,700. Direct expenses incurred by her for the

year were $10,500. Other operating expenses amounted to $500. What was the net profit that Amanda earned for the year?
A. $ 20,700
B. $ 20, 200
C. $ 19,700
D. $ 30, 200

Mathematics

2 answers:

defon · Answer 1 · 2022-09-03T11:11:42+03:00

defon2 years ago

8 0

The answer is C
30700-10500-500=19700 thats how much she walks away with.
Also can i have brainliest answer if i am correct which i believe i am.

melisa1 [442] · Answer 2 · 2022-09-03T12:40:02+03:00

Answer: Option 'C' is correct.

Step-by-step explanation:

Since we have given that

Total income from services = $30,700

Direct expenses incurred by her = $10,500

Operating expenses incurred by her = $500

We need to find the net profit.

Since we know that direct expenses and operating expenses are the expenditures which should be deducted from her income.

So, Net profit = Income - Direct Expenses - Operating Expenses

$Net\ profit=\$30,700-\$10,500-\$500\\\\Net\ profit=\$19,700$

Hence, Option 'C' is correct.