The Crabby Apple restaurant lost $2000 in the month of January. If their net worth at the end of the month is -$200, explain how you would show a child how to find their net worth at the beginning of the month.
if they lost 2000 from their starting value, you need to gain that much to get back to where they started:
-200 + 2000 = 1800
use the number line to show how losing money means going to the left, and gaining it moves to the right.
To find Crabby Apple's net worth at the beginning of the month, we need to work backward and calculate the change in their net worth.
Net worth represents the value of all the assets (things they own) minus the liabilities (debts or money owed). Net worth is like a financial snapshot of their overall financial health.
Let's start with the information given:
1. The restaurant lost $2000 in the month of January.
2. Their net worth at the end of the month is -$200.
To find the net worth at the beginning of January, we need to add the loss of $2000 to their net worth at the end of the month.
Let's use a simple equation:
Beginning Net Worth + Loss = Ending Net Worth
We want to find the Beginning Net Worth, so we can rearrange the equation:
Beginning Net Worth = Ending Net Worth - Loss
Now, we can substitute the given values into the equation:
Beginning Net Worth = -$200 - (-$2000)
When we subtract a negative number, it is the same as adding the positive number. So, we can simplify the equation:
Beginning Net Worth = -$200 + $2000
Adding these values gives us the answer:
Beginning Net Worth = $1800
Therefore, Crabby Apple's net worth at the beginning of January was $1800.