St. Joseph’s Mathematics Competition

On Saturday, January 13th a team of four ACS middle school students competed in St. Joseph High School’s Annual Mathematics Competition.  Over 25 middle schools participated and over 150 students competed. We are so proud that our ACS team was a part of this event.  The math problems were all word problems and included topics on probability, algebra, geometry and statistics.  Think it sounds easy? Give it a try: 
Mr. Herman, a stamp collector, sold two stamps for $5000 each. Based on his cost, he made a 25% profit on one stamp and lost 20% on the other stamp. Did Mr. Herman’s  transactions result in a loss or a gain and how much?