Question

In which months were the expenses greater than the income? Name the month and find how much money was lost.

Answer 1

Answer:

The months which have expenses greater than the income are:

January and February.

In January the lost was $85.6

In February the lost was $162.44

Step-by-step explanation:

Consider the provided table.

For January:

Income is $1,205 and Expenses is $1,290.60

Here, it is clear that expense is more than income because $1,290.60>$1,205

Now find how much money was lost by subtracting the income from expense.

1290.60 - 1205 = 85.6

Hence, January's expenses is greater than the income and the lost was $85.6

For February:

Income is $1,183 and Expenses is $1,345.44

Here, it is clear that expense is more than income because $1,345.44 >$1,183

Now find how much money was lost by subtracting the income from expense.

1,345.44 - 1,183 = $162.44

Hence, February's expenses is greater than the income and the lost was $162.44

For March:

Income is $1,664 and Expenses is $1,664.00

Here, it is clear that expense is equal to income because both the numbers are same. So, there must be no lost.

For June:

Income is $2,413 and Expenses is $2,106.23

Here, expense is less than income as $2,106.23 < $2,413

So, there must be no lost as income is more.

For July:

Income is $2,260 and Expenses is $1,958.50

Here, expense is less than income as $1,958.50 < $2,260

So, there must be no lost as income is more.

For August:

Income is $2,183 and Expenses is $1,845.12

Here, expense is less than income as $1,845.12< $2,183

So, there must be no lost as income is more.

Answer 2

 expenses is greater in Jan and Feb

Jan −85.6 Loss
   
Feb −162.44 Loss    

Mar 0 

June 306.77 Gain

July 301.5 Gain

Aug 337.88 Gain