Question

The profits for Mike's Farm over two months are as follows:

July:−$4,521.00 August:$5,734.00
How much money does Mike have at the end of the two months?

Answer 1

Mike's Farm has a total of $1,213.00 at the end of July and August after experiencing a loss in July and a profit in August.

Step-by-step explanation:

To calculate the total amount of money Mike has at the end of the two months, we need to add the profit of one month to the profit of the other. For July, Mike's Farm had a loss, which is represented by a negative profit: -$4,521.00. In August, the farm made a profit of $5,734.00. Adding the two together:

July: -$4,521.00
August: $5,734.00

To find the total, combine the two amounts:

Total Profit = July Profit + August Profit
= -$4,521.00 + $5,734.00
= $1,213.00

Therefore, Mike's Farm has a total of $1,213.00 at the end of the two months.