A store's revenue is $50,000 per month. If expenses are 60% of revenue, what is the monthly profit?
Answer
$20000
How to solve it
1
Revenue: $50,000
2
Expenses: 60% of $50,000 = $30,000
3
Profit: $50,000 - $30,000 = $20,000
Hints
Calculate expenses
Subtract from revenue