He loses $12 of money on spending $30 on hot dogs and supplies.
What are profit and loss?
When the money is invested in any business if the revenue generated is greater than the invested money then there will be profit. If the revenue generated is less than the money invested there will be a loss.
Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication, and division
It is given that Sage spent $30 on hot dogs and supplies. He earned
$18.
The loss will be calculated as below:-
Investment = $30
Earning = $18
Loss = 30 - 18 = 12
Sage earned $12 less money than the money he invested for hot dogs and supplies.
Therefore, He loses $12 of money by spending $30 on hot dogs and supplies.
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