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 ($) 

How to Calculate Monthly Profit?

The following example problems outline how to calculate Monthly Profit.

Example Problem #1:

  1. First, determine the daily revenue ($). In this example, the daily revenue ($) is given as 15.
  2. Next, determine the daily costs ($). For this problem, the daily costs ($) is given as 4.
  3. 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 ($)