Grant started a business this year. He earned $200,000 in revenues and had $150,000 in expenses. His other alternative would have been to go back to his old job, where he earned $70,000. What are Grant's "true" profits from his business

Profit from the business = $50000.

Explanation:

Total revenue from the business = $200000

The total cost that occurred in business = $150000

Now we have to calculate the true profit from the business. So, it can be calculated by subtracting the total cost from the total revenue.

Below is the formula to find the profit.

Profit = total revenue – total cost

Now insert the given values in the formula.

Profit from the business = $200000 - $150000

Profit from the business = $50000

this conflict is person vs. society

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hope this ! < 3

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"