Question

The monthly gross receipts for the ABC Copy Creation house amounted to $20,834.34. Unfortunately, the expenses amounted to $18,750.91, but this did give the owner of the company some profit. What was the profit for the month?

Answer 1

Given :

The monthly gross receipts for the ABC Copy Creation house amounted to $20,834.34.

The expenses amounted to $18,750.91.

To Find :

What was the profit for the month.

Solution :

We know, profit is given by :

Profit, P = Monthly income - Expenses

P = $( 20,834.34 - 18,750.91 )

P =  $2083.43

Therefore, the profit for the month is $2083.43 .