26. Riverside Grocery earns 6,000 per week in revenue It spends 1,500 per week on wages, 3,000 per week on inventory,and 500 per week on utilities and other operational expenses. What are Riverside Grocery's total weekly expenses, and how much profit does it make per week? (1 Point) Total expenses: 5,500 Profit: 500 Total expenses: 6,000 Profit: 0 Total expenses: 4,500 Profit: 1,500 Total expenses: 5,000 Profit: 1,000

To determine Riverside Grocery's total weekly expenses and profit, we need to add up all the weekly expenses and subtract them from the weekly revenue.<br /><br />1. **Calculate Total Weekly Expenses:**<br /> - Wages: \$1,500<br /> - Inventory: \$3,000<br /> - Utilities and other operational expenses: \$500<br /><br /> Total Expenses = \$1,500 + \$3,000 + \$500 = \$5,000<br /><br />2. **Calculate Weekly Profit:**<br /> - Revenue: \$6,000<br /> - Total Expenses: \$5,000<br /><br /> Profit = Revenue - Total Expenses = \$6,000 - \$5,000 = \$1,000<br /><br />Therefore, Riverside Grocery's total weekly expenses are \$5,000, and it makes a profit of \$1,000 per week.<br /><br />The correct answer is:<br />Total expenses: \$5,000; Profit: \$1,000