Question

In the past 4 years, a sporting goods store had two yearly losses of $28,000 and $42,000 and two yearly profits of $104,000 and $10,000.

What was the net profit or loss over 4 years?







A.
–$70,000





B.

$114,000






C.
$44,000





D.
–$44,000

Answer 1

losses: 28,000 + 42,000 = 70,000
profit: 104,000 + 10,000 = 114,000

net profit = profit - losses
net profit = 114,000 - 70,000
net profit = 44,000

The net profit over the 4 year period is Choice C. 44,000