Question

David sold mugs at a crafts show. On the first day, he sold 10 mugs but lost $ 5.40 on each mug. On the second day, he raised his price and sold 7 mugs with a profit of $ 5.00 on each mug. What was his total profit or loss? Write a profit as a positive number and a loss as a negative number.

Answer 1

Davis has a loss of $19

i.e -19

Explanation:

On day 1, David lost 5.4 * 10 = $54

On day 2, David gained 5 * 7 = $35

Overall, his loss is greater than the profit

Total loss is $54 - $35 = $19