profit and loss

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profit and loss
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  • 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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