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?

1 Answer
Apr 27, 2018

Answer:

#$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#

The modulus function is to ensure that the difference is positive, as change is scalar.

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