Question

Net income is equal to the total revenue from selling an item minus the cost of producing the item. Determine the net income if the revenue from a business is $400,000 and the cost is $156,800. Use l=R-C where I = net income, R = revenue, C = cost
a.

$243,000 is the net income
b.

$556,800 is the net income
c.

$243,200 is the net income
d.

$556,000 is the net income

@kelliegirl33

Answer 1

well they already gave you a good hint.
156800 is C
400000 is R
so 400000 - 156800 = ?

Answer 2

so the answer is A