Activity: Is it a Profit or Loss?

There is a white sand beach you plan to visit next summer. You want to save money for the trip but your allowance is
enough to cover your expenses in school To eam, you thought of reselling some items for a profit
You bought a bag for P800.00. You spent P50.00 for transportation in going to the store to buy it. For the following independent
cases, determine whether you eam a profit or incurred a loss. Determine how much your profit or loss wan

Scenario #1: You sold the bag to your friend for P1 000.00

Scenario #2: You sold the bag to your friend for P700.00.

Question

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Mathandeng65go Mathandeng65go · Answer 1

Answer:

scenario #1 PROFIT

scenario #2 LOSS

Explanation:

Try and error ahead but it should help na

#1

P800- you bought the bag

P50- spent for transportation

P1000- you sold the bag

how much the profit?

you just need to add all of your expenses

800+50= 850

You should subtract it from how much you sold the bag which is 1000

1000-850=150 is the profit

SCENARIO #2

P800- you bought the bag

P800- you bought the bagP50- spent for transportation

P700- YOU sold the bag

800+50= 850

850-750= 100

100 is the loss,

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