Question

Rescooperate Ice Cream Shop recently analyzed their books. They found that in the past year, they made $100,000 selling ice cream and spent $75,000 on supplies and factory space. The remaining $25,000 represents profit. loss. revenue. expense.

Answer 1

The remaining $25,000 represents profit


Profit = Revenue - Expenses


In this case:

Revenue = $100,000

Expenses = $75,000


So,

Profit = 100,000 - 75,000

          = $25,000

Answer 2

Given:

Amount made = $ 100000

Supplies and factory space = $ 75000

Remaining = $ 25000

To find:

The profit, loss, revenue and expense.

Solution:

Here,

The ice cream company made a revenue of $ 100000 in the last year.

The ice cream company spent $ 75000 on supplies and factory space.

This accounts for the expense.

The left over $ 25000 is the profit.