In the past 4 years, a sporting goods store had two yearly losses of $140,000 and $56,000 and two yearly profits of $110,000 and $60,000.

What was the net profit or loss over 4 years?

A.
$170,000

B.
$26,000

C.

$196,000

D.
–$26,000

Question

In the past 4 years, a sporting goods store had two yearly losses of $140,000 and $56,000 and two yearly profits of $110,000 and $60,000. 

 

What was the net profit or loss over 4 years?
	
	
 
A.
	$170,000
	
 
B.
	$26,000
	
 
C.
	

$196,000
	
 
D.
	–$26,000

anonymous · Answer

@Aureyliant

anonymous · Answer

We're dealing with some really fancy shmancy words here! They're just there to confuse you, sweetie! Net profit means the negative profit, or a loss. Let's put this into an equation:

anonymous · Answer

**Sorry my mistake.. net profit means the bottom line

anonymous · Answer

ok so i divide

anonymous · Answer

-$140,000 - $56,000 + 110,000 + 60,000 = -$26,000 so there was a net loss of $26,000 over 4 years.

anonymous · Answer

Nope, it's just simple addition & subtraction haha

anonymous · Answer

ty your really helping me out :)

anonymous · Answer

Haha no problem, happy to help!