Question

supposedly amusement park bought a merry-go-round for 92000 and 42512 people paid $2 eachto ride the merry-go-round in its first year operation. Ignoring the cost of operation, how much money did the park earn or lose on this ride in its first year?

Answer 1

They lost $6976. We can find this answer by subtracting 92000 from the total amount of money people paid for the ride. If we multiply 42,512 by 2, we get 85024. Then, we subtract 92000 from 84024, and we get -6976. Because its negative, we can say that they lost money.