A boutique fitness studio, 'VeloCycle', charges £15 per session. In October, they hosted 1,200 sessions. Their fixed overheads for the month were £8,500, and the variable cost per session (comprising instructor fees and complimentary drinks) was £5.
Which of the following correctly states VeloCycle's total revenue and total profit for October?
Total Revenue = £18,000£18,000£18,000; Total Profit = £3,500£3,500£3,500
Total Revenue = £18,000£18,000£18,000; Total Profit = £12,000£12,000£12,000
Total Revenue = £12,000£12,000£12,000; Total Profit = £3,500£3,500£3,500
Total Revenue = £18,000£18,000£18,000; Total Profit = £9,500£9,500£9,500
