https://file.aiquickdraw.com/mathbot/file/1727205819331ax7m3qnc.jpg

Let's solve the given problem by calculating each part step-by-step.

### a) Total Income
We will sum up all the values under the "Money in" column:
- Sales - Monday: £20.00
- Sales - Tuesday: £35.00
- Sales - Wednesday: £15.00
- Online bulk order: £200.00

Total Income = £20.00 + £35.00 + £15.00 + £200.00 = **£270.00**

### b) Total Expenditure
We will sum up all the values under the "Money out" column:
- Wages - cleaning staff: £120.00
- Stall hire fee: £50.00
- Supplies - paint: £4.00
- Materials: £30.00

Total Expenditure = £120.00 + £50.00 + £4.00 + £30.00 = **£204.00**

### c) Profit
The profit is calculated as:
\[ \text{Profit} = \text{Total Income} - \text{Total Expenditure} \]

\[ \text{Profit} = 270.00 - 204.00 = \textbf{£66.00} \]

Let me know if you want any further details or have any questions.

Here are 5 relative questions based on this problem:

1. How would the profit change if an additional expense of £20 was added?
2. What would be the impact on profit if the online bulk order was canceled?
3. If the sales increased by 10% each day, how would the total income be affected?
4. How would the profit be calculated if there was a discount on wages, reducing them by 10%?
5. What is the break-even point where total income equals total expenditure?

**Tip:** Always separate your income and expenses clearly to simplify financial calculations and avoid errors.

Calculate this company's a) total income. b) total expenditure. c) profit.

Learn how to calculate the total income, total expenditure, and profit for a company using basic profit calculation methods. This step-by-step solution covers a realistic business scenario and is ideal for students in Grades 6-8.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation