Sipho is a qualified teacher but he choose to run a business instead of being employed. Sipho have a bakery business and he own an office space from which he run his businesses. He could have earned a rental income of R16 000 per month had he rented out his shop to a tenant. Use the information in the table below to calculate economic profit

Salary R15 000 Revenue R100 000 Costs flour, milk and sugar R23 000 Wages and other expenses R26 000