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your next-door neighbor thinks that she has discovered the next food craze and is opening a new location of her restaurant. she already has one location that is busy all day. she currently has gross sales of $10.70 million. her expenses, which include ingredients, rent, and personnel, run $8.50 million. what is her net profit or loss?

Respuesta :

The net profit of $2.20 million is earned by her if she has gross sales of $10.70 million and expenses of $8.50 million.

What is sales revenue?

Sales revenue is the amount earned by the company after disposing of its manufactured goods either on cash or on credit.

Given values:

Sales revenue: $10.70 million

Expenses: $8.50 million

Computation of net profit:

[tex]\rm\ Net \rm\ Profit=\rm\ Sales \rm\ Revenue-\rm\ Expenses\\\rm\ Net \rm\ Profit=\$10.70\rm\ million-\$8.50\rm\ million\\\rm\ Net \rm\ Profit=\$2.20\rm\ million[/tex]

Therefore, if she has gross sales of $10.70 million and expenses of $8.50 million then the net gains received by her are $2.20 million.

Learn more about net profit in the related link:

https://brainly.com/question/15133013

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