What is the total profit that Mr. Brown's store made in 2012?
A. $37,320.52
B. $37,324,46
C. $37,328.52
D. $37,329,46
Answer (2)
$37 , 324.46
Explanation
Problem Analysis We are given the profit of Mr. Brown's Thrift Shop for each quarter of 2012 and asked to find the total profit for the year. To do this, we need to add the profits from each quarter.
Listing Profits The profit for each quarter is as follows:
Quarter 1: $9,841.28
Quarter 2: $8,957.67
Quarter 3: $7,429.84
Quarter 4: $11,095.67
Calculating Total Profit To find the total profit, we add the profits from each quarter: T o t a l P ro f i t = 9841.28 + 8957.67 + 7429.84 + 11095.67
Final Calculation The sum of these values is: T o t a l P ro f i t = 37324.46 So, the total profit that Mr. Brown's store made in 2012 is $37,324.46.
Examples
Understanding how to calculate total profit from quarterly earnings is essential for business owners. For example, if Mr. Brown wants to evaluate his store's performance in 2012, he needs to sum up the profits from each quarter to get the annual profit. This total profit can then be used to make informed decisions about investments, expenses, and future strategies. Knowing the total profit helps in assessing the financial health and growth of the business.
The total profit that Mr. Brown's store made in 2012 is $37,324.46. This is determined by adding the profits from each quarter of the year. Therefore, the correct answer is B. $37,324.46.
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