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neonofarm [45]
4 years ago
15

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

Mathematics
1 answer:
slavikrds [6]4 years ago
4 0

Answer:

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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