Select the correct answer.
| | Mr. Brown's Thrift Shop |
|---|---|
| | Quarter of 2012 Profit (in dollars) |
| 1 | $9,841.28 |
| 2 | $8,957.67 |
| 3 | $7,429.84 |
| 4 | $11.095.67 |
What is the difference between the profits Mr. Brown's store earned in the first quarter and the third quarter?
A. $2,411.44
B. $2,814.64
C. $3,004.54
D. $3,214.78
Answer (2)
Identify the profit for the first quarter: $9,841.28.
Identify the profit for the third quarter: $7,429.84.
Calculate the difference by subtracting the third quarter profit from the first quarter profit: 9 , 841.28 − 7 , 429.84 = 2411.44 .
The difference between the profits is $2 , 411.44 .
Explanation
Understanding the Problem We are given the profits of Mr. Brown's Thrift Shop for each quarter of 2012. The profit for the first quarter is $9,841.28, and the profit for the third quarter is $7,429.84. We need to find the difference between these two profits.
Calculating the Difference To find the difference, we subtract the profit of the third quarter from the profit of the first quarter: 9 , 841.28 − 7 , 429.84 = 2411.44
Finding the Answer The difference between the profits earned in the first quarter and the third quarter is $2411.44. Therefore, the correct answer is A.
Examples
Understanding the difference between profits in different quarters can help a business owner identify trends and make informed decisions. For example, if a store consistently makes more profit in the first quarter compared to the third quarter, the owner might focus on strategies to boost sales during the third quarter, such as running promotions or adjusting inventory. This type of analysis is crucial for effective business management and financial planning.
The difference between Mr. Brown's Thrift Shop profits in the first quarter ($9,841.28) and the third quarter ($7,429.84) is $2,411.44. Therefore, the answer is A. $2,411.44.
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