profit and loss
Create your own!
Create your own!
SCENE 1: A LITTLE CHAT AT THE LIVING ROOM
Dear KATY, do you remember the purse that I bought four days back?
Yes Mom, I do remember
SCENE 2: CHAT OVER THE PURSE CONTINUES...
I am afraid that I would have to resell it as I do not like it anymore. Could you please help me in this regard?
Dear , please try to fetch any money, but avoid incurring any losses.
Mom, I can give it a shot. Could you please tell me that what price are you expecting as its resale value?
Mom, what is the meaning of losses?
SCENE 3: DISCUSSION OVER PROFITS AND LOSSES
Ohhh now I got it !Mom, what is the cost price of your purse?
Dear if you would sell my purse at a price more than its cost price, you will earn a profit.But if the selling price goes less than the cost price, it leads to losses.
The cost price of my purse is $300 .
Mom, I sold your purse for $350.
Mrs.Lynette Scavo SEEMS A LITTLE WORRIED ABOUT THE PURSE SHE BOUGHT LAST WEEK!
SCENE 4: AT THE PORCH...
Good Morning Mrs. Mccluskey! Would you like to buy a beautiful purse?
Yeah sure Katy. Dear could you please tell me it's price?
Mrs. Scavo DISCUSSES HER PROBLEM WITH HER DAUGHTER KATY AND SEEKS HELP FROM HER IN RESELLING THE PURSE
SCENE 5: ON THE ROADSIDE..
Hello Mrs. Solis, would you like to have this wonderful LAVIE purse in just $400?
Mrs. Scavo EXPLAINS THE CONCEPT OF PROFITS AND LOSSES TO KATY.
SCENE 6: BACK TO THE HOME..
Well done Katty,you did a wonderful job.Can you tell me the profit earned / loss incurred in this transaction?
Mom,i sold your purse for $350
Well done Katy, you did a wonderful job. Can you tell me the profit earned/ loss incurred in this transaction?
Well done you did the wonderful job.
KATE TRIES TO SELL HER MOM'S PURSE TO A NEIGHBOUR, BUT THE DEAL COULDN'T TAKE PLACE AT THE QUOTED PRICE.
It would cost you $400 .
Ohhh! That's too much to ask for a second hand purse.
THIS TIME KATY FINALLY CRACKS THE DEAL WITH HER BARGAINING SKILLS.
Woww! this purse is pretty nice.But Katy I am willing to pay only $350 for it.
Okay you can have it for $350.
KATY FEELS IMMENSE HAPPINESS TO TELL HER MOM THAT SHE HAD SUCCEEDED IN SELLING HER PURSE, THAT TOO AT A PROFIT!
Well done Katty. I am so proud of you
Yes , I know. SP=350; CP=300. Thus, I earned a profit of $50 .
Thank you mom
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