Question

Fred has $220 in cash; he owes his friend Bob $40; he owns a $350 bed and $710 worth of clothes; he has a debt to his sister for $85 and he’s got a fine of $12 that he needs to pay. What is Fred's net worth? A. $1,143B. $1,443C. $1,183D. $1,417E. $1,155

Answer 1

Fred has $220 in cash

He owes his friend Bob $40

He owns a $350 bed and $710 worth of clothes

He has a debt to his sister for $85

He’s got a fine of $12

The net worth of Fred is calculated as,

$\begin{gathered} \text{Net worth = \ 220 - \ 40 + \ 350 + \ 710 - \ 85 - \ 12} \\ \text{Net worth = \ 1280 - \ 137} \\ \text{Net worth = \ 1143} \end{gathered}$

Thus FRed's net worth is $1143 .