Question

A new business had a profit of $6,500 in the first month, a loss $1,200 in the second month and a loss of $1,300 in the third month. What is the net profit or net loss over the first three months​

Answer 1

$4000 net profit

Explanation:

Profit adds to the net revenue, while loss subtracts from it.

So 6500 is positive but 1200 and 1300 are negative.

+6500 - 1200 - 1300 = 5300 - 1300 = 4000

$4000 profit