Question

If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business?*

Answer 1

The profit will be a $1,000

Explanation:

If the cost of goods is $1,500 and expense for selling is $500 you add them together and get $2,000 and then you subtract that from $3,000 and you get $1,000 left over as the profit