\begin{tabular}{l} 1) Lauren runs a chili restaurant in San Francisco. Her total revenue \ last year equaled $$ \$ 111,000 $$. The rent on her restaurant totaled \ $$ \$ 48,000 $$. Her labor costs totaled $$ \$ 43,000 $$. Her materials, food and \ other variable costs totaled $$ \$ 19,000 $$. An accountant calculates \ Lauren's profit as _- \ OA) incurred a loss of $$ \$ 1,000 $$. \ \hline OB) earned a profit of $$ \$ 1,000 $$. \ \hline OC) incurred a loss of $$ \$ 111,000 $$. \ \hline OD) earned a profit of $$ \$ 111,000 $$. \ \hline\end{tabular}

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UpStudy AI · Accepted Answer

To determine Lauren's profit, we need to calculate her total costs and then subtract that from her total revenue.

1. **Known Conditions:**
   - Total Revenue (R) = \$111,000
   - Rent (R_r) = \$48,000
   - Labor Costs (C_l) = \$43,000
   - Variable Costs (C_v) = \$19,000

2. **Calculate Total Costs (C):**
   $$
   C = R_r + C_l + C_v
   $$

Substituting the known values:
   $$
   C = 48000 + 43000 + 19000
   $$

Let's calculate this step by step:
   - First, add the rent and labor costs:
     $$
     48000 + 43000 = 91000
     $$
   - Now, add the variable costs:
     $$
     91000 + 19000 = 110000
     $$

So, the total costs (C) are:
   $$
   C = 110000
   $$

3. **Calculate Profit (P):**
   $$
   P = R - C
   $$
   Substituting the values:
   $$
   P = 111000 - 110000
   $$

Performing the subtraction:
   $$
   P = 1000
   $$

4. **Conclusion:**
   Lauren earned a profit of \$1,000.

Thus, the correct answer is:
**OB) earned a profit of $$ \$ 1,000 $$.**
Lauren earned a profit of \$1,000.

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