Selene owns a craft store. Her total costs are $1.2 million per year, and her variable costs are $750,000 per year. This means that her fixed costs are

fixed costs = $450000

Explanation:

given data

total costs = $1.2 million per year

variable costs = $750,000 per year

solution

we get her fixed costs that is express here as

fixed costs = total costs - variable costs ... 1

put here value and we will get fixed costs

fixed costs = $1.2 million - $750,000

fixed costs = $1200000 - $750,000

fixed costs = $450000