Profit for the day

Question

Mrs.Chen owns her own business. Each day she earns money, called revenue, and must also pay expenses. The chart below shows Mrs.Chen's revenue and expenses for one day

 

Revenue:    Expenses:

+$198.50     -$100.00

+$242.75      -$89.25

+$155.50     -$411.75

 

When a business makes money, its called profit. Did Mrs.Chen make a profit for the day? Explain how you know

Answer 1

198.50 - 100.00 = 98.50

242.75 - 89.25 = 153.50

155.50 - 411.75 = -256.25

 

98.50 + 153.50 = 252.00

252.00 - 256.25 = -4.25

 

The amount is negative, or below 0, so no, she did not make a profit.