PROFIT AND LOSS

3 R D QUARTER
Net Sales
• Amount of money received from selling
goods.

Cost
• Amount paid for the goods.
Net Sales Cost
PROFIT
Cost Net Sales
LOSS
Profit = Net Sales – Cost
Loss = Cost – Net Sales
Problem Solving:
Michelle went to Baguio and bought 20 jars of
strawberry jam for Php3,500 with 15%
discount. When she got back to Manila, she sold
10 of the jams for a total of Php1,800, and the
rest at Php185 each. How much profit did
Michelle gain?
Problem Solving:
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?