exam: business of retail: operations & profit (july 2024 release)\nquestion 15 of 75\na business makes…

exam: business of retail: operations & profit (july 2024 release)\nquestion 15 of 75\na business makes $4,000 in daily revenue and on average, spends $1,200 in the products sold and $1,700 on employee salary and other operating expenses. whats the daily net profit of the business?\na. $2900\nb. $1500\nc. $1100\nd. $2800

exam: business of retail: operations & profit (july 2024 release)\nquestion 15 of 75\na business makes $4,000 in daily revenue and on average, spends $1,200 in the products sold and $1,700 on employee salary and other operating expenses. whats the daily net profit of the business?\na. $2900\nb. $1500\nc. $1100\nd. $2800

Answer

Explanation:

Step1: Define profit formula

Net profit = Revenue - Cost

Step2: Calculate total cost

Total cost = Cost of products + Operating - expenses = 1200 + 1700 = 2900

Step3: Calculate net - profit

Net profit = 4000 - 2900 = 1100

Answer:

C. $1100