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5 January, 05:45

In the past 4 years, a sporting goods store had two yearly losses of $28,000 and $42,000 and two yearly profits of $104,000 and $10,000.

What was the net profit or loss over 4 years?

A.

-$70,000

B.

$114,000

C.

$44,000

D.

-$44,000

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Answers (1)
  1. 5 January, 05:49
    0
    Losses: 28,000 + 42,000 = 70,000

    profit: 104,000 + 10,000 = 114,000

    net profit = profit - losses

    net profit = 114,000 - 70,000

    net profit = 44,000

    The net profit over the 4 year period is Choice C. 44,000
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