Profits and losses for first quarter are:
January: $6000 (profit)
February: $2000 (loss)
March : $5500 (loss)
Translate the company's performance for the first quarter into a mathematical statement
To translate the company's performance for the first quarter into a mathematical statement, we need to express the profits and losses in a mathematical form.
Let's assign positive values for profits and negative values for losses. Using this convention, the profits and losses for the first quarter can be represented as follows:
January: +$6000
February: -$2000
March: -$5500
To calculate the total profit or loss for the first quarter, we add up these amounts:
Total profit/loss for the first quarter = $6000 - $2000 - $5500
Now we can simplify the mathematical statement:
Total profit/loss for the first quarter = $(-2000 + 6000) - $5500
= $4000 - $5500
= -$1500
So, the mathematical statement for the company's performance for the first quarter is that they incurred a net loss of $1500.