Directions: Determine whether the statement shows a profit or loss situation. Write P
for profit and L for loss.
1. Armae bought a pencil at PhP 7 each and sold it for PhP 10.
2. Ariel bought a scientific calculator at PhP 1 800. When a new and upgraded
model was released after two months, she sold her scientific calculator for
PhP 1 300 to buy the new one.
3. A vegetable vendor gains PhP 150 for selling 50 kilos of tomatoes.
4. The cost of 1 dozen of flower vase is PhP 1200. It was sold for PhP 110
each.
5. Jane bought a 8 GB memory card at PhP 450 and decided to sell it to her
brother for PhP 350.
6. Anne bought 2 dozens of santan plants at PhP 250. He decided to sell it
for PhP 15 each.
7. May decided to buy 1 sack (50 kls) of sinandomeng rice for PhP 1 500 and
sell it for PhP 25 per kilo.
8. Mang Canor sells corn for PhP 25 per kilo. He bought corn for PhP 15 each.
9. Uncle Tom bought some cookies, he bought 3 dozens for PhP 750 and
decided to sell it for PhP 300 per dozen.
10. Marvin bought ube, worth PhP 45 per piece, he decided to sell it for Php
55 each.​