Please help? DId I find the amount of profit or loss of each month? I see I only found the loss. Please help. January - Income $40,520 Expenses $35,080 = Profit/Loss $5,440 How do I figure the profit?
The income was more than the expenses.
40,520 - 35,080 = 5,440
The profit was $5,440
That is what I thought Ms. Sue, but all of them in the chart have the income more than the expenses.
1.Identify the mean profit and median profit for the year.
2.Identify the mean loss and median loss for the year.
I did #1, but how can I do #2 when there are no losses?? Are the losses the expenses?
No, as long as the income is larger than the expenses, there are no losses.
State that there were no losses.