Ppt10-profit And Loss

BUYING AND SELLING

PROFIT AND LOSS

At the end of the lesson, the students are expected to: 1) Solve for the profit given the cost and net sales 2) Determine if profit or loss is achieved in a given transaction.

ACTIVITY 1

Cite situations that show the concept of: Profit  loss  What is the ultimate goal of any business?

• PROFIT- the difference between what a merchant invests into business and what he receives in return. • To compute for profit, Profit = Net Sales – Cost Where, Net sale is the amount of money received from selling goods. Cost is the amount paid for the goods.

• LOSS- the difference between what a merchant invests into business and what he receives in return when the net sales of goods is less than its cost. • To compute for loss, Loss = Cost – Net Sales

• In case when Net sales is equal to cost, we call such situation as break- even.

EXAMPLES 1.) Rodrigo is engaged in a buy-and-sell business of perfumes. He bought 10 boxes of perfumes. Each box costs Php12, 000 and contains a dozen of perfume bottlees. He is planning to sekk one perfume bottle at Php1, 500. What is his expected profit on the 10 boxes of perfumes?

EXAMPLES 2.) A watch store owner decided to offer a 20% discount for a particular brand of watch which sells at Php35,000. By doing so, his average sales increased from 5 watches to 12 watches a day. If he bought one watch at a price of Php22,000 from the supplier, by how much was the daily profit increased or decreased by offering such discount on the watch?

EXAMPLES 2.) A watch store owner decided to offer a 20% discount for a particular brand of watch which sells at Php35,000. By doing so, his average sales increased from 5 watches to 12 watches a day. If he bought one watch at a price of Php22,000 from the supplier, by how much was the daily profit increased or decreased by offering such discount on the watch?

EXAMPLES 3.) Annie bought one dozen of smartphones for Php200,000 with a discount of 5%. Half dozen were sold at a price Php18,000 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen at Php12,000 each unit. What was her profit or loss?

EXAMPLES 4.) Jay-R bought two digital cameras at Php15,490 each. He sold one of the cameras to his friend at Php13,500, while the other one was sold to his neighbor at Php16,200. How much is Jay-R’s profit or loss?

PERFORMANCE TASK 5 • Determine whether the following statement shows a profit or loss situation.Write P for profit and L for loss. 1.) Ben bought a pen at Php10 and sold it for Php12. 2.) Martha bought a scientific calculator at Php2,000. When a new and upgraded model was released after 2 months, she sells her scientific calculator for Php1,200 to buy the new one.

PERFORMANCE TASK 5 3.) A banana cue vendor gains Php100 for selling it at Php10 per stick. 4.) The cost of 10 pieces personalized calendar is Php850 and it was sold for Php150 each. 5.) Joy bought a 16gb memory card at Php600 and decided to sell it to her sister for Php650.

PERFORMANCE TASK 5 II. Solve each problem. 1.) Greg bought a laptop for Php28,000 and spent Php2,500 on its spares. He later sold it for Php25,000. How much is Greg’s profit or loss? 2.) Arman sold a watch to his friend at a loss of 5%. If his friend paid Php650 for it, find the cost price of the watch.

PERFORMANCE TASK 5 II. Solve each problem. 3.) Alden went to Bicol and bought 25 packs of pili nuts for Php875 with 10% discount. When he got back to Manila, he sold 15 packs for Php675, and the rest at Php40 each. How much profit did Alden gain?