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Storyboard Description
Cost price and selling price description with a conversation with mom and son selling a piano for the charity purpose.
Storyboard Text
- OK mom can Tommy also come to the mall .
- ZZZZZZZZZZZzZZ
- Hello John let’s go for the shopping .
- Sorry son dogs are not allowed in the shopping mall .
- John I was planning to buy a piano which we can buy and sell it at a profit and that profit can be given to the charity work I am doing .
- OK mom but can you please explain what is profit .
- thank you mom for making me understand what is profit and loss.
- John so to know what is the profit you need to know what is the selling price and cost price now when we purchase this piano from the mall this is the cost price which we will pay later when we sell it for the charity we will be selling it at the selling price which we will put a Magine if the cost price and the selling price is different and the cost price is lesser than the selling price then it is a profit if the selling price is less than the cost price then it is a loss so this is how we understand what is profit and loss
- Mom the cost price of this piano is AED 8080.00.
- OK son so let’s take the piano and try to sell it to one of my friend who has agreed to pay me AED 10,500.
- So son so our cost price is AED 8080 and selling price is AED 10,500 so our profit will be selling price minus cost price.
- Exactly mom so we will get a profit of AED 2420.
- so John can you tell me what is cost price and selling price.
- Yes mom, the cost price is the price which we paid for the piano and the selling price is the price which we got by selling it to your friend and the profit is what is we got after selling it and if it was a loss we wouldn’t have got any money we would’ve lose the money from the cost price.
- yes mom .
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