Question

You recently started your own company. Your first year in business, your company reported a net loss of $1,250. The next year, your company made a $3,475 net profit. The year after that, your company reported a $2,478 net profit. What was your company's net loss or gain over the last 3 years?

Answer 1

$4703

Explanation:

Given that :

First year :

Net loss = $1250

2nd year:

Net profit = $3475

3rd year :

Net profit = 2478

Net loss or gain over the last 3 years :

Let Net loss be represented as negative and net profit as positive

Net loss + net profit + net profit

(-$1250 + $3475 + $2478)

$4703 net gain over the last 3 years