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You are running a magazine store and last month you sold 1500 magazines at an average price of $5 per magazine. You paid out $1600 in salaries for your full time employees which constitute 80% of your business expenses. How much profit did you realize last month? You must show the calculations and assumptions if any, together with the answer.
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Web Software Developer

Interviewed at Viridien

3.4★
Mar 17, 2020

You are running a magazine store and last month you sold 1500 magazines at an average price of $5 per magazine. You paid out $1600 in salaries for your full time employees which constitute 80% of your business expenses. How much profit did you realize last month? You must show the calculations and assumptions if any, together with the answer.

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