If the bakery started with an extra $250 from the profits in December, describe how to use the information in the table to figure out the profit or loss of money at the bakery by the end of August. Then calculate the profit or loss.
What table?
profit
To calculate the profit or loss at the bakery by the end of August, you will need to use the information provided in the table. Here's how you can approach it:
1. Start with the initial amount the bakery had in December, which is $250. This is the starting point for the calculation.
2. Go through each month from January to August and consider the profit or loss for that particular month. Look at the table and identify the profit or loss value for each month.
3. Add or subtract the profit or loss value for each month to the previous amount. This will give you the cumulative profit or loss up to that point in time.
4. Continue this process for each month, keeping a running tally of the cumulative profit or loss.
5. Finally, after considering all the months, you will arrive at the profit or loss amount by the end of August.
To calculate the profit or loss, let's use the given table as an example:
```
Month Profit/Loss
-------------------
January -$50
February $100
March -$75
April $200
May -$150
June $100
July $50
August -$25
```
Starting with the initial amount of $250 in December:
- December: $250
Adding or subtracting the profit or loss for each subsequent month:
- January: $250 - $50 = $200
- February: $200 + $100 = $300
- March: $300 - $75 = $225
- April: $225 + $200 = $425
- May: $425 - $150 = $275
- June: $275 + $100 = $375
- July: $375 + $50 = $425
- August: $425 - $25 = $400
Therefore, by the end of August, the bakery has a profit of $400.