The table shows the annual profits (in thousands of dollars) of a county fair from 2008 to 2012. What must the 2012 profit be (in hundreds of dollars) to break even over the five-year period?
Accepted Solution
A:
In the year 2008 and 2009, the company had profit 2.5 thousand dollars and 1.75 thousand dollars consecutively
In the year 2010 and 2011, the company experienced a loss of 3.3 thousand dollars and 1.4 thousand dollars.
Total profit is 2.5 + 1.75 = 4.55 thousand dollars Total loss = 3.3 + 1.4 = 4.7 thousand dollars
Total loss is bigger than the total profit so the company needs to make profit in 2012 to break even = 4.7 - 4.55 = 0.37 thousand dollars (this is the least profit the company needs to make)