Question

In the past 4 years, a sporting goods store had two yearly losses of $140,000 and $56,000 and two yearly profits of $110,000 and $60,000.
What was the net profit or loss over 4 years?

A.
$196,000

B.
$26,000

C.
$170,000

D.
–$26,000

Answer 1

We just add these numbers all together. The "losses" are negatives and the profits are positive.

-140,000 - 56,000 + 110,000 + 60,000 = -26000 or D