To determine if Tyler makes a profit or suffers a loss and by how much, we need to compare his monthly earnings with his total monthly expenses. Here is a step-by-step solution:
1. Monthly Earnings:
Tyler earns R3500 each month.
2. Monthly Expenses:
- Rent: R2750
- Water and electricity: R600
- Cell phone: R450
- Bus fare: R385
- Food: R200
3. Total Expenses:
Let's add up all of Tyler's expenses:
[tex]\[
\text{Total Expenses} = \text{Rent} + \text{Water and electricity} + \text{Cell phone} + \text{Bus fare} + \text{Food}
\][/tex]
[tex]\[
\text{Total Expenses} = R2750 + R600 + R450 + R385 + R200
\][/tex]
[tex]\[
\text{Total Expenses} = R4385
\][/tex]
4. Net Result (Profit or Loss):
Calculate the difference between monthly earnings and total monthly expenses:
[tex]\[
\text{Net Result} = \text{Monthly Earnings} - \text{Total Expenses}
\][/tex]
[tex]\[
\text{Net Result} = R3500 - R4385
\][/tex]
[tex]\[
\text{Net Result} = -R885
\][/tex]
The net result is -R885. This means Tyler suffers a loss of R885 each month.
In summary, Tyler suffers a loss of R885 each month after accounting for his earnings and expenses.
