Problema Solution
Abidin's company makes €70 000 loss per month for four months and then a €40 000 profit for each of the next eight months. What was the year's result?
Answer provided by our tutors
if the company losses €70 000 per month for four months then the total money lost for those 4 moths will be
4*70,000 = $280,000 loss
if the company profits €40 000 per month for 8 months then the total profit from those 8 moths will be
8*40,000 = $320,000 gain
since 320000 - 280000 = 40,000 at the end of the year the company will make profit of $40,000.