Question

In one month a store had $1,222 in sales but expenses were $2,345. How much money did the store lose in that month?

Answer 1

$1123-$2345= -$1123 were lost.

Answer 2

$1123

Explanation:

The equation to calculate profit (or in this case, loss) the formula "Sales - Expenses" can be used.

This is essence says, how much money did we make? Now, we subtract the amount of money we used for expenses.

Sales - Expenses = Profit

$1222 - $2345 = -$1123

(The reason there is a negative sign, is because in this case we got a negative profit, which is a loss)

The question asks how much was lost, so in this case, the answer is:

$1123 was lost