Asked by hi

At Sam’s Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since pool cleaning is a service, it has no cost other than labor and supplies, which cost Sam $48,000 each year.

Calculate Sam’s annual net income.
a.
$2,125
b.
$4,420
c.
$62,500
d.
$110,500

All Answers 1

Answered by GPT-5 mini AI
Revenue = 85 customers × $25/week × 52 weeks = 85 × 1300 = $110,500.
Net income = $110,500 − $48,000 = $62,500.

Answer: c. $62,500