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

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\njune accounts\nrevenue\ndog food $2,540\ncat food $2,900\npet treats $1,500\npet supplies $1,860\ntotal $8,800\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\ntotal $0\nclick the button that shows mias profit/loss for the month.\n-$300 -$200 $100 $200

heres the revenue and expenses for the month. calculate whether mia had a profit or loss.\njune accounts\nrevenue\ndog food $2,540\ncat food $2,900\npet treats $1,500\npet supplies $1,860\ntotal $8,800\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\ntotal $0\nclick the button that shows mias profit/loss for the month.\n-$300 -$200 $100 $200

Answer

Explanation:

Step1: Recall profit - loss formula

Profit/Loss = Revenue - Total Expenses

Step2: Calculate total expenses

Total Expenses = Fixed Expenses+Variable Expenses = $9000 + 0= $9000

Step3: Calculate profit/loss

Profit/Loss = $8800 - 9000=-$200

Answer:

-$200