Question

The formula P = I-E is used to calculate profit.

P = Profit
I= Income
E = Expenses
The school bake sale earned $72 in sales and had
$125 in expenses.
Find the profit.
b. What does a negative profit mean?

Answer 1

Hey there!

P = I - E

• Income = $72
• Expenses= $125

P = I - E {Add values}

P = 72 - 125

= -53

Negative profit means loss, which means there was no gain

Hopes this helps