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Amanda runs a consultancy firm. For a given year, her income from services was $30,700. Direct expenses incurred by her for the year were $10,500. Other operating expenses amounted to $500. What was the net profit that Amanda earned for the year?

A. $ 20,700
B. $ 20, 200
C. $ 19,700
D. $ 30, 200

Respuesta :

ErikEvilone
The answer is C 
30700-10500-500=19700 thats how much she walks away with. 
Also can i have brainliest answer if i am correct which i believe i am. 

Answer: Option 'C' is correct.

Step-by-step explanation:

Since we have given that

Total income from services = $30,700

Direct expenses incurred by her = $10,500

Operating expenses incurred by her = $500

We need to find the net profit.

Since we know that direct expenses and operating expenses are the expenditures which should be deducted from her income.

So, Net profit = Income - Direct Expenses - Operating Expenses

[tex]Net\ profit=\$30,700-\$10,500-\$500\\\\Net\ profit=\$19,700[/tex]

Hence, Option 'C' is correct.

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