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) β (expenses) , calculate their profit for the month of January.
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Answer:
The profit is $3300 for the month of January.Step-by-step explanation:Per hour charge = $40Total number of tutoring hours = 200Rent of space = $4000Electricity = $325Advertising = $375Total expenses = 4000+325+375 = $4700Profit = $40(number of hours) - (expenses)[tex]Profit=\$40(200)-4700\\Profit=\$8000-4700\\Profit=\$3300[/tex]The profit is $3300 for the month of January.Keywords: profit, additionLearn more about addition at:brainly.com/question/4279146brainly.com/question/4354581#LearnwithBrainly
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