An ice cream company reported a net profit of $24,000 in 2002 and a net loss of $11,000 in 2003. How much did the company‘s profits change from 2002 to 2003?

Haiphongum

Haiphongum

Answered question

2022-09-20

An ice cream company reported a net profit of $24,000 in 2002 and a net loss of $11,000 in 2003. How much did the company‘s profits change from 2002 to 2003?

Answer & Explanation

Carina Moon

Carina Moon

Beginner2022-09-21Added 6 answers

Let the profits be an increment of $24000, which can be represented as +$24000.
Let the losses be a decrement of $11000, which can be represented as −$11000.
To find the change in profits, find the difference between the profits and losses,
|+$24000−(−$11000)|=$35000
The modulus function is to ensure that the difference is positive, as change is scalar.
Hence, the company's profits change $35000.

Do you have a similar question?

Recalculate according to your conditions!

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?