Respuesta :
The concession stand made $123
What is profit and loss?
Profit and loss are the terms used to identify whether a deal is profitable or not. We use these terms very often in our daily lives. If the selling price is greater than the cost price, then the difference between the selling price and cost price is called profit. If the selling price is less than the cost price, then the difference between the cost price and the selling price is called loss.
When, in a transaction, the selling price is greater than the cost price, it means we earn a profit.
When, in a transaction, the cost price is greater than the selling price, it means we incur a loss.
Given:
profit on saturday = $135
loss on sunday = $12
So,
the total profit concession stand made= $135 + (-$12)
= $135 - $12
= $123
Learn more about profit and loss here:
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