Respuesta :

Answer:

Mia had a profit.

Step-by-step explanation:

According to the table, Mia's revenue that refers to the money she earned is $9,550. Also, her expenses that is the money she spent are $9,200. Now, to determine if she had a profit or loss, we have to subtract the expenses from the revenue and if there is money left, it means that she had a profit:

$9,550-$9,200= $350

Mia had a profit of $350.

Profit or loss can be described as the record of revenue and expenses. Mia's shop is in profit of $350.

What is profit or loss?

Profit or loss can be described as the record of revenue and expenses incurred by a business in a given period of time. Profit or loss is calculated by deducting all the expenses from the revenue.

Given to us

Fixed Expenses = $9,000

Variable expenses = $200

Revenue for the month = $9,550

As we know that profit or loss can be calculated by deducting all the expenses from the revenue that is been generated, therefore,

Profit or loss = Revenue - Fixed expenses  - Variable expenses

                     = $9,550 - $9000 - $200

                     = $350

Hence, Mia's shop is in profit of $350.

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