Enter the daily revenue ($) and the daily costs ($) into the calculator to determine the Monthly Profit.

## 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 ($)