C. you have a deficit of 1000
Explanation:
We say that we have a surplus when the net income is more than the total expenses, while we say that we have a deficit when the net income is less than the total expenses.
In this case, the net income is 1500, which is less than the total expenses (2500): so, we have a deficit. In order to calculate the deficit, we can use the formula
deficit = total expenses - net income
Substituting the data of the problem, we find
deficit = 2500 - 1500 = 1000
Hope this helped!
(Taken from a source but seemed right)
:)
Answer:
16
Step-by-step explanation:
Answer:
It would've been more difficult to solve and doing it as shown in EX:2 it's a way easier method to use and remember.
