Peter owns a candy store. His starting balance last month was $15,300. His ending balance was $12,500. What is Peter Burn Rate? Click this link to open the Business Financials Part 2 Study Guide to view the formula used for this problem! Type a comma to separate the digits and type the $ symbol when you enter your answer as shown below: Example: $15,300

If his burn rate is monthly then it’s simply (Starting - Ending)/#months which is (15300-12500)/1 because only 1 month has passed based on your question. So 2800 is the burn rate.

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samuelonum1 samuelonum1 · Answer 2 · 2022-03-09T12:43:02+01:00

The burn rate is a value gotten per time, since the time is 1 month, and the difference between the start and ending balances is $2,800

Hence the burn rate is $2,800 per month

Rate of an expression

Given Data

Starting Balance = $15,300

Ending Balance = $12,500

Duration = 1 month

Let us find the difference between the starting and the ending balance

= $15,300 - $12,500

= $2,800

Now we have the difference in amount, hence the burn rate will be

Burn Rate = $2,800 per month

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