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Incremental Profit or Loss

Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow:

(1) Work full time at a local accounting firm making $2,900 per month.
(2) Take a summer class which will cost $800 and work half time making $1,100 per month.
(3) Take a class at a cost of $800 and not work at all during the summer.

Elroy's incremental profit or loss if he chooses option 2 over option 1 would be

Solution Preview

Incremental revenue is the increase is of revenue between new revenue and previous revenue.

Incremental revenue = New Revenue - ...