september accounts\nrevenue\ndog food $3,500\ncat food $2,900\npet treats $1,525\npet supplies $1,575\ntotal…

september accounts\nrevenue\ndog food $3,500\ncat food $2,900\npet treats $1,525\npet supplies $1,575\ntotal $9,500\nfixed expenses\nrent $2,000\nsalaries $2,000\nutilities $1,000\nproduct stock $4,000\ntotal $9,000\nvariable expenses\nonline ad $300\ntotal $300\nenter mias total profit/loss for the month in the box below, then click submit.
Answer
Explanation:
Step1: Recall profit - loss formula
Profit/Loss = Revenue - (Fixed Expenses + Variable Expenses)
Step2: Identify values
Revenue = $9,500, Fixed Expenses = $9,000, Variable Expenses = $300
Step3: Calculate total expenses
Total Expenses = Fixed Expenses+Variable Expenses = $9,000 + $300=$9,300
Step4: Calculate profit/loss
Profit/Loss = $9,500 - $9,300 = $200
Answer:
$200