Question

Your small business spent $40 on food and another $60 on materials. Then, you sold an item for $120, but you had to pay a $90 service fee. Finally, you were given a refund from the Internal Revenue Service (IRS) for $70. If the expression describing these transactions is the following, then how does it evaluate?

Answer 1

40$+60$=100$ spent

120$sold

90$ payed

70$ refund

120 (sold) -90 (payed) =30+70 (refund) =100$ (profit)

Explanation:

You spent 100$

And you sold and got 120 but you payed 90$ from 120$ money left is 30$

Then they refunded you (pay back the money (give you the money ))

So the money that your left with is 30$ and the refund money is 70$

So add the money that your left with is gives you 100$