Dolores used to work as a high school teacher for $40,000 per year but quit in order to start her own catering business. To buy the necessary equipment, she withdrew $20,000 from her savings, (which paid 3 percent interest) and borrowed $30,000 from her uncle, whom she pays 3 percent interest per year. Last year she paid $25,000 for ingredients and had revenue of $60,000. She asked Louis the accountant and Greg the economist to calculate her profit for her. a) Louis says her profit is $34,100 and Greg says her profit is $6,500b) Louis says her profit is $34,100 and Greg says she lost $6,500c) Louis says her profit is $35,000 and Greg says she lost $5,000d) Louis says her profit is $33,500 and Greg says her profit is $33,500
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