Question

Calculate the profit or loss of Bing C., an accountant, with fees of $25,050 and expenses of $27,000.

Answer 1

The amount decreases with negative value so, Losses occur and the loss amount is $ 1,950 .

Explanation:

Given as :

The accountant fee amount = $ 25,050

The accountant expenses amount = $ 27,000

Now, Let The profit = P

And The loss = L

∵ expenses amount = $ 27,000 and fee amount = $ 25,050

So, fee amount - expenses amount = $ 25,050 - $ 27,000

I.e fee amount - expenses amount = - $ 1,950

As the amount decreases with negative value so, Losses occur

So, The loss amount = L = $ 1,950

Hence The amount decreases with negative value so, Losses occur and the loss amount is $ 1,950 . Answer