The manager is balancing the ledger for a small art supply store. The initial balance is $463.76. Refunds for $12.56, $52.11 and

Question

2 years ago

5

The manager is balancing the ledger for a small art supply store. The initial balance is $463.76. Refunds for $12.56, $52.11 and

$26.03 have been given today. Sales were $101.32 and $10.98. She comes up with a new balance of $511.39, but her assistant verifying the calculations says it should be $485.36. What did the manager do wrong

Mathematics

1 answer:

Sonja [21] · Answer 1 · 2022-05-25T18:21:07+03:00

Initial balance : 463.76
refunds : 12.56 + 52.11 + 26.03 = 90.70
sales : 101.32 + 10.98 = 112.30

463.76 - 90.70 + 112.30 = 485.36 is the correct balance
so there is a (511.39 - 485.36) = 26.03 difference
so the mistake made was instead of subtracting the 26.03 refund, she added it as a sale