Question

If Becky earns a profit of $\$$1250 in the first quarter and a loss of $\$$1250 in the second quarter, then what is her net profit or loss after 6 months?

• A. Net profit = $\$$1250
• B. Net loss = $\$$1000
• C. No profit, no loss.
• D. Net loss = $\$$1250

Answer 1

The correct option is C No profit, no loss.

Profit earned by her in the first quater = +$\$$1250
Loss in the second quater = -$\$$1250
Net profit/loss = +$\$$1250 -$\$$1250
= 0
Hence, Becky made neither profit nor loss.