Answer: The correct answer is $4,420
Explanation:
In order to calculate the profit for the past month you need to subtract the total expenses from the amount that was earned. The total expenses are $2,000 + 550 + 155 = $2,705. The total revenue earned is $95 (cost per car) x 75 (cars detailed) = $7,125.
Profit = revenue - expenses
Profit = $7,125 - $2,705 = $4,420
Answer:
month's profit = $4,420
Explanation:
total revenue = number of detailed cars x price per service = 75 cars x $95 per car = $7,125
Expense Amount Month
Rent of Space $2,000
Supplies $550
Advertising $155
total monthly expenses $2,705
month's profit = total revenue - total expenses = $7,125 - $2,705 = $4,420
