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Real-Life Activities

Real-Life Math -- Solution

It’s year end at your dance studio and time to take a closer look at the finances:

Revenue:

Sales (lessons): $132,899

Sales (show tickets): $3,550

Total Revenue: $136,449

Expenses:

Instructor Salaries: $60,000

Advertisting: $3,000

Insurance: $10,000

Studio Rent: $24,000

Venue Rent: $750

Total Expenses: $97,750

136,449 - 97,750 = $38,699

It seems that you did make money this year, as your revenues are $38,699 higher than your expenses.


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