Profit is the amount of money that remains after all expenses of a project have been paid. The year has just ended, and Ajax Construction's owner is anxious to find out if the company had a profitable year. The company was awarded five contracts totaling $7,435,000. The costs associated with each project were: Project 1: $1,245,000 Project 2: $985,689 Project 3: $1,723,000 Project 4: $2,567,054 Project 5: $633,768 How much profit did the company earn?

the Profit earned by the company is $280,489

Step-by-step explanation:

Total Cost of 5 projects awarded = $7,435,000

Cost of Project 1 = $1,245,000

Cost of Project 2 = $985,689

Cost of  Project 3 = $1,723,000

Cost of Project 4 = $2,567,054

Cost of Project 5 = $633,768

We need to find the profit earned by the company.

First we need to find Total cost spent on all 5 projects.

It can be found by adding cost spent on all projects.

Total cost spent on all 5 projects = Cost of Project 1 + Cost of Project 2 + Cost of Project 3 + Cost of Project 4 + Cost of Project 5

Total cost spent on all 5 projects = $1,245,000+ $985,689 + $1,723,000+ $2,567,054 + $633,768

Total cost spent on all 5 projects = $7,154,511

Now we can calculate profit earned using formula:

Profit earned = Total Cost of 5 projects awarded - Total cost spent on all 5 projects

Profit earned = $7,435,000 - $7,154,511

Profit earned = $1,280,489

So, the Profit earned by the company is $280,489

ik how do do this just give me a few minutes and i will give it to

c.

step-by-step explanation:

because first you have to add the 4x, 9x, and the 7x together and you get 20x and then you add the last numbers up and you get 5and then you put the subtraction sign in there and that's how you get the answer.