Match each buy-and-sell transaction to the correct dollar amount of profit or loss.
- Buy a tool set for and sell it for . Profit
- Buy a used guitar for and sell it for . Loss
- Buy a blender for and sell it for . (Break-even)
- Buy a winter coat for and sell it for . Profit
Cevap
Tool set matches Profit; Guitar matches Loss; Blender matches (Break-even); Winter coat matches Profit.
Profit is correctly calculated when the selling price is higher than the cost price. A loss occurs when the selling price is lower than the cost price, and breaking even occurs when the two prices are identical.
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Anahtar Kavram
Calculating absolute profit or loss by finding the difference between selling price and cost price.