A clthing store made a profit of $1.3 million in its first year,lost$400 000 in scond year,and lost $300 000 in the third year What was the average profit(+) or loss(-) over three years?
Well, since the store made money in one year & lost money in the two years, then we have
$1,300,000-400,000-300,000=$600,000 Net profit over 3 years. So, $600,000/3=$200,000, which is your average profit per year.OK?
