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 ($) To calculate the monthly profit, subtract the daily costs from the daily revenue, then multiply by 30.5. ## How to Calculate Monthly Profit? The following example problems outline how to calculate Monthly Profit. Example Problem #1: 1. First, determine the daily revenue ($). 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 (\$)