Enter the daily revenue ($) and the daily costs ($) into the calculator to determine the Monthly Profit.
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Monthly Profit Formula
The following formula is used to calculate the Monthly Profit.
MP = (DR-DC) * 30.5
- Where MP is the Monthly Profit ($)
- DR is the daily revenue ($)
- DC is the daily costs ($)
To calculate the monthly profit, subtract the daily costs from the daily revenue, then multiply by 30.5.
How to Calculate Monthly Profit?
The following example problems outline how to calculate Monthly Profit.
Example Problem #1:
- First, determine the daily revenue ($). In this example, the daily revenue ($) is given as 15.
- Next, determine the daily costs ($). For this problem, the daily costs ($) is given as 4.
- Finally, calculate the Monthly Profit using the equation above:
MP = (DR-DC) * 30.5
The values given above are inserted into the equation below:
MP = (15-4) * 30.5 = 335.5 ($)
Example Problem #2:
The variables needed for this problem are provided below:
daily revenue ($) = 134
daily costs ($) = 34
Entering these values and solving gives:
MP = (134-34) * 30.5 = 3050 ($)
