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Answered

In the past 4 years, a sporting goods store had two yearly losses of $110,000 and $22,000 and two yearly profits of $140,000 and $80,000.


What was the net profit or loss over 4 years?


A.

–$132,000


B.

–$88,000


C.

$88,000


D.

$220,000

Verified Answer :

Neuron

If you would like to know what was the net profit or loss over 4 years, you can calculate this using the following steps:

- $110,000 - $22,000 + $140,000 + $80,000 = - $132,000 + $220,000 = $88,000

The correct result would be C. $88,000.

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