reymar opened his barbershop during the week, he has a total sales of 10,000. he bought powder and pomade for 200 and paid rent of

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November 2023 1 3 Report

reymar opened his barbershop during the week, he has a total sales of 10,000. he bought powder and pomade for 200 and paid rent of shop for 1,000. What is his net income

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aubreyheramis In order to calculate Reymar’s net income, we need to subtract first his Expenses from his Total Sales:

Net Income = ₱10,000
Expenses = (Cost of Powder and Pomade) + (Shop Rent)
Expenses = ₱200 + ₱1000
Expenses = ₱1,200

Next, we need to calculate the net income:

Net Income = ₱10,000 - ₱1,200
Net Income = ₱8,800

Therefore, Reymar’s Net Income is ₱8,800

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