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Hannah decides to quit her job with a monthly salary of R22 000 and open her own shop. In the first month, Hannah received a

Hannah decides to quit her job with a monthly salary of R22 000 and open her own shop. In the first month, Hannah received a total revenue of R75 000 but had a total cost of R52 000. What type of profit or loss did Hannah make in this first month?

  • A.an economic loss but an accounting profit
  • B.an economic profit and an accounting profit
  • C.an economic loss and an accounting loss
  • D.an economic profit but an accounting loss

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