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The expenses and the revenue on four projects done by a company are represented in the bar graph. What is the difference between the profits earned by project A
and project B?cc ff
Step 1: Profit earned = revenue - expenses[Formula.]
Step 2: Profit made by the company on Project A = 30 - 20 = $10 million.[From the graph.]
Step 3: Profit made by the company on Project B = 35 - 40 = -5[Profit is negative, which means that the company made loss on project B.]
Step 4: The difference between the profits made by projects A and B = profit made by project A - profit made by project B
Step 5: [Substitute the values.]= 10 - (-5)
Step 6: [Two negative factors, so, add 10 and 5.]= $15 million
Step 7: So, the difference between the profits made by projects A and B is $ 15 million.