heres the revenue and expenses for the month. calculate whether mia had a profit or loss. january accounts…

heres the revenue and expenses for the month. calculate whether mia had a profit or loss. january accounts revenue fixed expenses variable expenses dog food $3,500 rent $2,000 newspaper ad $200 cat food $2,100 salaries $2,000 pet treats $1,200 utilities $1,000 pet supplies $2,750 product stock $4,000 total $9,550 total $9,000 total $200 enter mias total profit/loss for the month in the box below, then click submit.
Answer
Explanation:
Step1: Recall profit - loss formula
Profit/Loss = Revenue - Total Expenses
Step2: Calculate total expenses
Total Expenses = Fixed Expenses + Variable Expenses = $9000 + $200=$9200
Step3: Calculate profit/loss
Profit/Loss = $9550 - $9200 = $350
Answer:
$350$