Concept explainers
To calculate: During their first year after opening the restaurant, the Habibs had a loss of $14,250. In their second year of operation, they broke even, During their third and fourth years, they had gains of $18,180 and $29,470, respectively. What was the restaurant's net gain or loss over the four-year period?
Answer to Problem 8P
After the period of four-year habibs gains $33400.
Explanation of Solution
Given information: the Habibs had a loss of $14,250. In their second year of operation, they broke even, during their third and fourth years, they had gains of $18,180 and $29,470, respectively
Calculation: For "gain", we add and for "loss" we subtract and for "even broke" we do not add or subtract.
Loss of $14,250 means -14,250, even broke means 0, gain of $18,180 means +18,180, gain of $29,470 means +29,470.
Now add all gain and losses to get loss and gain over the four-year period.
Here sign of 33400 is positive, it means gain of $33400.
Conclusion: After the period of four-year habibs gains $33400.
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Algebra: Structure And Method, Book 1
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