If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business
. If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500Question: what is the Profit for the business=> The total revenue is 3 000 dollarsThe expenses:=> 1 500 dollars for gold's costs=> 500 dollars for selling expenses.Now, let's add the expenses and subtract it to the total earnings=> 1 500 dollars + 500 dollars = 2 000 dollarsNow, let's subtract:=> 3 000 dollars - 2 000 dollars = 1 000 dollarsThus, his profit is 1 000 dollars
Let
P-------> the profit
R------> the revenue
C-----> cost of goods
O-----> operating expense
we know that
\(P=R-(C+O)\)
in this problem
\(R=\)$@@MATH_TOKEN_2@@
@@MATH_TOKEN_3@@$\(1,500\)
\(O=\)$@@MATH_TOKEN_6@@
Substitute the values in the formula above to find the Profit
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therefore
the answer is
the Profit for the business is $\(1,000\)