A company reports the following income and expenses for a three-month period. What is the company’s total profit or loss for the three-month period?
The table is titled 'Great Reads Book Store.'
· The first column is titled 'Month' and contains June, July, August from top to bottom.
· The second column is titled 'Income' and contains dollar sign 12,458, dollar sign 10,396, and dollar sign 11,842 from top to bottom.
· The third column is titled 'Expenses' and contains negative dollar sign 10,968, negative dollar sign 10,060, negative dollar sign 12,754 from top to bottom.
(1 point)
Responses
$914 profit
$914 profit
$1,114 profit
$1,114 profit
$914 loss
$914 loss
$1,114 loss
$1,114 loss
In order to calculate the total profit or loss for the three-month period, we need to add up the total income and total expenses.
Total Income = $12,458 + $10,396 + $11,842 = $34,696
Total Expenses = -$10,968 + -$10,060 + -$12,754 = -$33,782
Total Profit/Loss = Total Income - Total Expenses
Total Profit/Loss = $34,696 - $33,782 = $914 profit
Therefore, the company's total profit for the three-month period is $914.
Answer: $914 profit