Question

Morgan Plumbing had earnings of $4495 in the last week of January and expenses of $4926. What was the net profit or loss? Show the expression to simplify, then simplify and indicate your answer with appropriate units and +/- sign.

Answer 1

The net profit or loss can be found by subtracting the expenses from the earnings:

`\text{Net profit/loss} = \text{Earnings} - \text{Expenses}`

`\text{Net profit/loss} = \$4495 - \$4926`

To simplify, we can subtract the second number from the first:

`\text{Net profit/loss} = \boxed{-\$431}`

`\therefore` Morgan Plumbing had a net loss of $431 in the last week of January. The negative sign indicates a loss.

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