# 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?

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