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 ($)
How to Calculate Monthly Profit?
The following example problems outline how to calculate Monthly Profit.
Example Problem #1:
- First, determine the daily revenue ($). 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 ($)
