Question

One year a new company reported a net loss of 113 dollars. The next year the company made a $110 net profit. What is the average net income per year the company made over the two years?

Answer 1

The company's average net income per year over the two years is -$1.50, calculated by adding the first year's net loss of $113 to the second year's net profit of $110 to get a total of -$3 and dividing by two.

Step-by-step explanation:

To calculate the average net income per year for the company over the two years, you add the net income (or loss) for each year and divide by the number of years. Here, in the first year, the company reported a net loss of $113, and the next year, it made a net profit of $110. Hence, the total net income over two years is $110 - $113 = -$3.

The average net income per year would be the total divided by 2, which is -$3 / 2 = -$1.50. So, the company's average net income per year over these two years is -$1.50.