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A company has a total revenue of $500,000 and total expenses of $350,000. What i
A company has a total revenue of $500,000 and total expenses of $350,000. What is the net profit?
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Q1
A company has a total revenue of $500,000 and total expenses of $350,000. What is the net profit?
$150,000
$200,000
$100,000
$50,000
Show Solution
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Net Profit = Total Revenue - Total Expenses = 500,000 - 350,000 = $150,000.
Questions & Step-by-step Solutions
1 item
Q
Q: A company has a total revenue of $500,000 and total expenses of $350,000. What is the net profit?
Solution:
Net Profit = Total Revenue - Total Expenses = 500,000 - 350,000 = $150,000.
Steps: 6
Show Steps
Step 1: Identify the total revenue, which is $500,000.
Step 2: Identify the total expenses, which is $350,000.
Step 3: Use the formula for net profit: Net Profit = Total Revenue - Total Expenses.
Step 4: Substitute the values into the formula: Net Profit = 500,000 - 350,000.
Step 5: Perform the subtraction: 500,000 - 350,000 = 150,000.
Step 6: The net profit is $150,000.
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