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 2022-09-20 Answered
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?
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Answers (1)

Carina Moon
Answered 2022-09-21 Author has 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.
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