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MAILFORALIYA009IN
Answered

The formula P = I-E is used to calculate profit.
P = Profit
I= Income
E = Expenses
The school bake sale earned $72 in sales and had
$125 in expenses.
Find the profit.
b. What does a negative profit mean?

Answer :

CHIBABYKALU16IN

Hey there!

P = I - E

  • Income = $72
  • Expenses= $125

P = I - E {Add values}

P = 72 - 125

= -53

Negative profit means loss, which means there was no gain

Hopes this helps

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