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Suppose That Milo Left a Job, Where He Earned a Salary

question 45

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Suppose that Milo left a job, where he earned a salary of $50,000 per year, in order to open an all-natural soap business. His insurance cost is $5,000; his material cost is $25,000; his lease payments are $10,000; and his revenue is $90,000. Milo's earns _____ profit.


Definitions:

Genetic Factors

Aspects of an individual's genetic makeup that influence their characteristics, including susceptibility to certain diseases or conditions.

Endocrine System

A network of glands in the body that secrete hormones directly into the circulatory system to regulate bodily functions.

Puberty

The period in which an individual becomes capable of sexual reproduction, marked by hormonal changes and physical development.

Gonads

The sex glands in animals and humans (ovaries in females and testes in males) that produce sex cells and hormones.

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