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You are operating a t-shirt shop in a local shopping mall.Last month your business sold 1200 t-shirts at a price of $12 per shirt.You spent
You are operating a t-shirt shop in a local shopping mall.Last month your business sold 1200 t-shirts at a price of $12 per shirt.You spent $1600 for rent; $350 on advertising; each of your six employees worked 25 hours per month and is paid $11 per hour.In addition, the 1200 plain unprinted shirts cost you $2.50 each and you printed artwork on each shirt at a cost of $2 each. How much profit did you earn last month?(5 marks; show all your work to get full marks).
RevenuesExpenses
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