Mary and Lamar establish a tutoring service at a local mall. They tutor college students in math and English. They charge $40 per hour for tutoring. In the month of January they charged for 200 tutoring hours. The expenses of their business are given in the table below. Expense Amount/Month Rent of Space $4000 Electricity $325 Advertising $375 Using the formula Profit = $40 (number of hours) - (expenses), calculate their profit for the month of January.

Question

Mathematics

Guest

26 August, 04:22

Mary and Lamar establish a tutoring service at a local mall. They tutor college students in math and English. They charge $40 per hour for tutoring. In the month of January they charged for 200 tutoring hours. The expenses of their business are given in the table below. Expense Amount/Month Rent of Space $4000 Electricity $325 Advertising $375 Using the formula Profit = $40 (number of hours) - (expenses), calculate their profit for the month of January.

+4

Answers (1)

Know the Answer?

Bernard Blair · Answer 1

Answer: The profit is $3300

Step-by-step explanation:

The data we have is:

They charge $40 per hour.

In january, the charged for 200 hours.

The expenses are:

rent $4000

electricity $325

advertising $375

if we want to know the balance we must calculate:

The total expenses are: $4000 + $325 + $375 = $4700

The amount that they won is: $40*200 = $8000

Then the profit will be:

P = $40*200 - ($4000 + $325 + $375) = $8000 - $4700 = $3300