Net Profit and Loss
Net Profit and Loss
A group of Secondary 1 students started a small business selling customized keychains during the school carnival. The table below shows their Net Profit or Net Loss for each day of the week.
Day | Monday | Tuesday | Wednesday | Thursday | Friday |
|---|---|---|---|---|---|
Net Profit/Loss | 45 | -12 | -28 | 15 | -30 |
- Find the difference between the most profitable day and the day with the greatest loss.
- What was the total Net Profit or Loss at the end of the 5-day week?
- Calculate the average daily financial result for the school week.
- On Saturday, the students need to make enough profit to bring their total 6-day average to exactly \(\$0\). How much profit must they make on Saturday?
Solution:
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Answer:(a) \(\$75\). (b) Net loss \(\$10\). (c) Average daily loss \(\$2\). (d) Profit \(\$10\).
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