Question

In 2022, a company made a profit of $1.38 million. That amount is $2.54 million more than the profit from 2021.

What is the profit from 2021? Write & solve an Algebraic Equation.

Answer 1

P = 1.38 - 2.54 = -1.16 = a negative profit of $1.16 million = a loss of $1.16 million