Question

You are a business owner and you want to know if you have made a profit
for the month. You are given the following information:
1. The monthly salary of your employees is Php 10000.00 each and you
have 5 employees.
2. The store rent is Php 40,000.
3. Utilities expenses amount to Php 20,000.00
4. 200 pieces of your product were sold at Php 1000.00 each.
Questions: Did your business make a profit for the month? How much?
Why?
Pleae help PLEASE

Answer 1

Answer: Yes the business made a profit for the month. They made $90,000 net profit. They made a profit of $90,000 after all the taxes were deducted.

Step-by-step explanation: 200 times $1000 = $200,000. $200,000 - $50,000 = $150,000. $150,000 - $40,000 = $110,000. $110,000 - $20,000 = $90,000