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.
Chapter 2 Solutions
Algebra: Structure And Method, Book 1
Additional Math Textbook Solutions
Differential Equations and Linear Algebra (4th Edition)
Introductory and Intermediate Algebra for College Students (5th Edition)
Intermediate Algebra (7th Edition)
College Algebra with Modeling & Visualization (6th Edition)
Linear Algebra with Applications (9th Edition) (Featured Titles for Linear Algebra (Introductory))
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education