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31 July, 09:24

If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $200 what would be the total profit/loss for the month?

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  1. 31 July, 09:26
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    To answer this all you need to do is take the total revenue and subtract both the fixed and variable expenses (since both where just for that particular month and effect the profit/loss)

    So the equation would look like this ...

    Revenue - Fixed Expenses - Variable Expenses = Profit / Loss

    $9,550 - $9,000 - $200 = $350

    Therefore profit for the month is $350
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