Question

An ice cream company reported a net profit of $24,000 in 2002 and a net loss of $11,000 in 2003. How much did the company‘s profits change from 2002 to 2003?

Answer 1

`$35000`

Explanation:

Let the profits be an increment of `$24000`, which can be represented as `+$24000`.

Let the losses be a decrement of `$11000`, which can be represented as `-$11000`.

To find the change in profits, find the difference between the profits and losses,

`|+$24000-(-$11000)|=$35000`

The modulus function is to ensure that the difference is positive, as change is scalar.

Hence, the company's profits change `$35000`.