Home
/
Business
/
Calculate this company's a) total income. b) total expenditure. c) profit. Description & Money in & Money out Sales - Monday & £ 20.00 & Wages - cleaning staff & & £ 120.00 Stall hire fee & & £ 50.00 Sales - Tuesday & £ 35.00 & Supplies - paint & & £ 4.00 Sales - Wednesday & £ 15.00 &

Question

Calculate this company's
a) total income.
b) total expenditure.
c) profit.

 Description & Money in & Money out 
 Sales - Monday & £ 20.00 & 
 Wages - cleaning staff & & £ 120.00 
 Stall hire fee & & £ 50.00 
 Sales - Tuesday & £ 35.00 & 
 Supplies - paint & & £ 4.00 
 Sales - Wednesday & £ 15.00 &

Calculate this company's a) total income. b) total expenditure. c) profit. Description & Money in & Money out Sales - Monday & £ 20.00 & Wages - cleaning staff & & £ 120.00 Stall hire fee & & £ 50.00 Sales - Tuesday & £ 35.00 & Supplies - paint & & £ 4.00 Sales - Wednesday & £ 15.00 &

expert verifiedVerification of experts

Answer

4.4289 Voting
avatar
TerrenceElite · Tutor for 8 years

Answer

## Total Income:<br />With the sum of: \( £ 20.00 + £ 35.00 + £ 15.00 + £ 200 \) =\( £ 270.00 \)<br /><br />## Total Expenditure:<br />It includes the sum of: \( £ 120.00 + £ 50.00 + £ 4.00 + $ 30.00 = £ 204.00\)<br /><br />## Total Profit:<br />The profit can be calculated using the formula given in step 3 explanation, here it will be \(£270.00 - £204.00 = £66.00\).<br />So the correct profit will be \( £66.00 \).

Explain

## Step1: Total Income calculation<br />To calculate the total income, we need to sum all items listed under "money in" category in the table.<br /><br />## Step2: Total Expenditure calculation<br />Similarly, for total expenditure, we need to sum all items of "money out". <br /><br />## Step3: Profit Calculation<br />Profit is commonly known as the difference between total income and total expenditure.<br />### The formula would be: \(Profit = Total Income - Total Expenditure \)<br /><br />## Step4: Perform Calculations<br />Firstly execute 'total Income' and 'total expenditure' calculation from Step1 and Step2; finally calculate the Profit in Step3.
Click to rate:

Hot Questions

More x