Look at the income and expenditure statement for Abby and Silindile's Entrepreneurs Day below and answer the…

Question

Look at the income and expenditure statement for Abby and Silindile's Entrepreneurs Day below and answer the questions that follow: 5.1. There are three question marks in the table. Fill these in. Show all your working out.

ScanSolve AI Tutor · Accepted Answer

Here's how to fill in the missing values in the income and expenditure statement:

Calculate the Total income.
Total income is the sum of money received from sales and donations.
$\text{Total income} = \text{Money received from sales} + \text{Donations}$ $\text{Total income} = 300 + 28$ $\text{Total income} = \boxed{\text{328}}$
Calculate the Total expenses.
Total expenses is the sum of the cost of buying stock, rental of table, and packaging.
$\text{Total expenses} = \text{Cost of buying stock} + \text{Rental of table} + \text{Packaging}$ $\text{Total expenses} = 163 + 40 + 19$ $\text{Total expenses} = \boxed{\text{222}}$
Calculate the Profit from stall.
Profit from stall is the Total income minus the Total expenses.
$\text{Profit from stall} = \text{Total income} - \text{Total expenses}$ $\text{Profit from stall} = 328 - 222$ $\text{Profit from stall} = \boxed{\text{106}}$

Look at the income and expenditure statement for Abby and Silindile's Entrepreneurs Day below and answer the questions that follow: 5.1. There are three question marks in the table. Fill these in. Show all your working out.

Answer

Step-by-step solution

Calculate the Total income.

Calculate the Total expenses.

Calculate the Profit from stall.

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