The profit earned by Sage on hot dogs will be $12.
What are profit and loss?
One of a company's financial accounts, an income statement or profit, and loss account, lists the company's revenues and costs for a specific time period. It describes the process through which revenues are converted into net income or net profit.
Given that Sage has a hot dog stand. Last week he spent $13 on hot dogs and supplies. He earned $25.
The profit earned by Sage will be calculated as below:-
Profit = Earning - Spending
Profit = 25 - 13
Profit = $12
He earned $25 but spent $13 dollars in the beginning. Therefore, the profit earned by Sage on hot dogs will be $12.
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