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Before Kelly opened up her boutique, she worked as a hair stylist in a salon and earned a $33,000 annual salary. Now in her fifth
Before Kelly opened up her boutique, she worked as a hair stylist in a salon and earned a $33,000 annual salary.
Now in her fifth year of operating the boutique, it was easy to see that she made the right decisions both financially and personally. Below is a list of Kelly's financial facts for her shop's second year.
$145,000 = Total Revenue
$20,000 = Rental Fees
$8,000 = Utilities
$30,000 = Salary for Assistant Manager
$50,000 = Merchandise
What is her economic profit for her shop's second year?
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