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You buy a computer game for $50 using your credit card, receive $90 in wages from your casual job and you receive $20 in interest on a savings account. Calculate the overall effect of these three events on your PROFIT.

Question

You buy a computer game for 50usingyourcreditcard,receive50 using your credit card, receive 90 in wages from your casual job and you receive $20 in interest on a savings account. Calculate the overall effect of these three events on your PROFIT.

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Solution

To calculate the overall effect of these three events on your profit, you need to add up all the income you received and subtract any expenses.

Step 1: Add up all the income you received. You received 90inwagesfromyourcasualjoband90 in wages from your casual job and 20 in interest on a savings account. So, 90(wages)+90 (wages) + 20 (interest) = $110

Step 2: Subtract any expenses. You spent 50onacomputergame.So,50 on a computer game. So, 110 (total income) - 50(expenses)=50 (expenses) = 60

Therefore, the overall effect of these three events on your profit is $60.

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