Ask Question
2 November, 01:39

Chen owns a record shop. Last year he sold $97,215

worth of merchandise. His costs were $73,110. How

much profit did he make?

+3
Answers (1)
  1. 2 November, 01:52
    0
    Loss of $24,105

    Step-by-step explanation:

    Chen owns a record shop. Last year he sold $97,215 worth of merchandise. His costs were $73,110. we are asked to determine how much profit did he make?

    Profit = current sale - previous year sales

    current sale = $73,110

    previous year sales = $97,215

    as previous year sales is greater than current sales, there is a loss

    Loss = previous year sales - current sale

    Loss = $97,215 - $73,110

    =$24,105
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Chen owns a record shop. Last year he sold $97,215 worth of merchandise. His costs were $73,110. How much profit did he make? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers