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

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\njuly accounts\nrevenue\ndog food $2,750\ncat food $3,050\npet treats $1,350\npet supplies $2,050\ntotal $9,200\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\nbooth setup $300\ntotal $300\ndrag mias profit/loss for the month to the circle on the left.\n-$300 -$200 -$100

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\njuly accounts\nrevenue\ndog food $2,750\ncat food $3,050\npet treats $1,350\npet supplies $2,050\ntotal $9,200\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\nbooth setup $300\ntotal $300\ndrag mias profit/loss for the month to the circle on the left.\n-$300 -$200 -$100

Answer

Explanation:

Step1: Calculate total expenses

Total expenses = Fixed expenses + Variable expenses = $9000 + 300=$9300$

Step2: Calculate profit or loss

Profit/Loss = Revenue - Total expenses = $9200 - 9300=-$100$

Answer:

-$100