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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400. He has added his costs together for t…

PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400. He has added his costs together for t…
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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS

lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?

asked
User Alexantd
by
8.2k points

1 Answer

3 votes

Answer:

What's the question? :) I'm an econ major btw.

Step-by-step explanation:

answered
User Urska Krivc
by
8.8k points
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