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If a company has a contribution margin of $15,000 and fixed costs of $10,000, wh
If a company has a contribution margin of $15,000 and fixed costs of $10,000, what is the net profit?
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Practice Questions
1 question
Q1
If a company has a contribution margin of $15,000 and fixed costs of $10,000, what is the net profit?
$5,000
$15,000
$10,000
$0
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Net Profit = Contribution Margin - Fixed Costs = $15,000 - $10,000 = $5,000.
Questions & Step-by-step Solutions
1 item
Q
Q: If a company has a contribution margin of $15,000 and fixed costs of $10,000, what is the net profit?
Solution:
Net Profit = Contribution Margin - Fixed Costs = $15,000 - $10,000 = $5,000.
Steps: 6
Show Steps
Step 1: Identify the contribution margin, which is given as $15,000.
Step 2: Identify the fixed costs, which are given as $10,000.
Step 3: Use the formula for net profit: Net Profit = Contribution Margin - Fixed Costs.
Step 4: Substitute the values into the formula: Net Profit = $15,000 - $10,000.
Step 5: Calculate the result: $15,000 - $10,000 = $5,000.
Step 6: Conclude that the net profit is $5,000.
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