Answer:
The bakery made a profit of $8,013 during the summer months
Step-by-step explanation:
A profit is made when income is greater than expenses while a loss is made when expenses are greater than income
A loss is a negative profit
In June
Income = $750
Expense:
rent = $890
Operating costs = $975
Total expense = $1,865
Profit = income - expense
profit = $750 - $1865
= -$1115
Therefore, a loss of $1115 was made in June
July
Income = $ 925
Expenses:
Rent = $890
Operating costs = $721
Total expenses = 1611
Profit = $925 - $1611
= -$686
A loss of $686 was made in July
August
Income = $11,250
Expenses:
Rent = $890
Operating costs= $546
Total expense = $1436
Profit = $11,250 - $1436
= $9,814
A profit of $9,814 was made in August
Now let's find the difference between the profit and losses that were made during the summer months. This will be the addition of the profit and losses of all three months
Remember that losses carry a negative sign
$9,814 -$686 -$1115 = $8,013
Therefore, the bakery made a profit of $8,013 during the summer months
