Enter Mia’s total profit/loss for the month in the box below, then click submit.

Explanation        : Revenue

Dog Food$3,500

Cat Food$2,100

Pet Treats$1,200

Pet Suppies$2,750

Total$9,550

Fixed Expenses

Rent$2,000

Salaries$2,000

Utilities$1,000

Product Stock$4,000

Total$9,000

Variable Expenses

Newspaper Ad$200

Total$200

Okay, so the question here is asking us to “Calculate whether Mia had a profit or loss”.

The first thing you need to do is add up the expenses.

Total Expenses = Fixed Expenses + Variable Expenses

Total Expenses = $9,000 + $200 = $9,200

So now we know that total expenses is $9,200 and total revenue is $9,550.

All you have to do is deduct total expenses from total revenue:

Profit/Loss = $9,550 - $9,200 = $350

Mia’s total profit/loss for the month of January account is $350.