what is the sum of a profit 0f $8000 and a loss of $13000?
I'm realy struggling and need URGENT Help! plz respond
8,000 - 13,000 = -5,000
It's a loss of $5,000.
Thank you so much Ms.Sue! :D
You're very welcome, Tom.
:-)
To find the sum of a profit of $8000 and a loss of $13000, we need to understand that profits and losses are opposite in nature. Profit means gaining money, while loss means losing money.
To calculate the sum, we add the profit and loss amounts together. In this case, we have a profit of $8000 and a loss of $13000.
However, since the profit and loss are in opposite directions, we need to take their difference rather than their sum. We subtract the loss amount from the profit amount to get the result.
So, in this case, to find the sum of the profit and loss, we calculate:
$8000 (profit) - $13000 (loss) = -$5000
The sum of a profit of $8000 and a loss of $13000 is a net loss of $5000.
It is essential to recognize that when one encounters a profit and a loss situation, adding the two amounts will not give us the correct answer. We need to consider the direction (gain or loss) and calculate the difference between the two amounts based on that.