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 Ahmad quits his job as a marketing manager where he earned RM144,000 a year

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 Ahmad quits his job as a marketing manager where he earned RM144,000 a year. He sets up a business selling imported second hand clothes from Japan. He use his RM200,000 personal savings that earned interest of RM6,000 per year. During the year, he made RM240,000 in total revenue and paid RM50,000 for the costs of equipment, utilities, internet service and office supplies. Calculate Ahmad's accounting profit and economic profit.   "You should have started this business much earlier." said Ahmad's friend to him. Comment on the above statement