What was zach economic profit - loss for the year

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Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account he had his money in paid him 3% interest per year. During the first year of business, Zach sold 6,000 boxes of cookies for $2.50 each. Also during that first year, the cookie business incurred costs that required outlays of money amounting to $9,000. What was Zach's economic profit (loss) for the year?

Reference no: EM1347578

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