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10 July, 20:29

Chen owns a record shop. Last year he sold $97,215

worth of merchandise. His costs were $73,110. How

much profit did he make?

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Answers (1)
  1. 10 July, 21:37
    0
    Loss of $24,105

    Step-by-step explanation:

    Chen owns a record shop. Last year he sold $97,215 worth of merchandise. His costs were $73,110. we are asked to determine how much profit did he make?

    Profit = current sale - previous year sales

    current sale = $73,110

    previous year sales = $97,215

    as previous year sales is greater than current sales, there is a loss

    Loss = previous year sales - current sale

    Loss = $97,215 - $73,110

    =$24,105
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