Determining economic profit

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Reference no: EM1376389

Sydney wants start a new business, but would have to give up a job with a total compensation of $100,000 every year. After researching the new business opportunity, Syndey developed the following estimates.

Annual Revenues: $300,000
Wages and payroll taxes (not including Sydney): $100,000
Benefits: $25,000
Supplies and materials costs: $75,000
Rent: $60,000

What is Sydney's economic profit?

(Do NOT include symbols such as a dollar sign ($) or comma (,) in your answer. You can include decimal points and negative signs but don't leave a space between a negative sign and the number.)

Reference no: EM1376389

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