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Profit and Loss

Transcript: Laisen The producer The "trading" of spades Administration cost Distribution cost Gross profit The 8 of diamonds The "production" of hearts Costs Profit and Loss The trader Depreciation Production cost Profit before interest Profit or loss Earning contribution

profit and loss

Transcript: MS.ASIMA KHAN / AL ANSAR INTERNATIONAL SCHOOL 21-25 04/2019 CH-16 FRACTIONS DECIMALS AND PERCENTAGES STEP1 1 STEP 16.1 PROFIT AND LOSS SUBTOPIC 1 FORMULAE PERCENTAGES LETS START KEYWORDS COST PRICE SELLING PRICE PROFIT LOSS PERCENTAGES discounts and sales FORMULA / RULE PROFIT = SELLING PRICE - COST PRICE LOSS = COST PRICE - SELLING PRICE FORMULA / RULE FORMULA / RULE BRAINSTORMING REAL LIFE APPLICATIONS SUBTOPIC 2 2 16. 2 discounts and sales word problems STEP2 STEP3 Problem Solving Strategy STEP4 4 STEP STEP5 5 STEP STEP 6 6 STEP creative thinking : frame your own question and solve it ? EX - 16 -F T.B PG NO 271 SOLVE 3Q AND Q4 (given by teacher)

Profit and Loss

Transcript: PROFIT AND LOSS Hi! BY KAUSTUBH PROFIT AND LOSS PROFIT AND LOSS US Govt. manufactures a weapon at a cost of 1 million dollars and sells it to North Korea at 1.5 million dollars. Find the Profit/ Loss, and Profit/ Loss percentage. Basic North Korea sells it at 1.2 million dollars. Find the Profit/ Loss, and Profit/ Loss percentage. Cost Price -> 1 million Selling Price -> 1.5 million Profit => 1.5 - 1 => 0.5 million dollars. Profit% => (Profit) * 100 => 50% Cost Price Cost Price -> 1.5 million Selling Price -> 1.2 million Loss => 1.5 - 1.2 => 0.3 million dollars. Loss% => (Loss) * 100 => 20% Cost Price Ron buys a wand for $100. He marks the wand at $150 and offers it to Hermione. Hermione being smart, asks for a discount and Ron gives her a 20% discount. Find the profit/loss for Ron and the marked price, discount and selling price . Marked Price Ron's profit (Since SP > CP) => 120 - 100 => $20 Profit% => 20% To back-calculate => Discount% = Discount * 100 Marked Price => 30 * 100 => 20% 150 Cost Price for Ron -> $100 Marked Price -> $150 20% is on the marked price. (20/100) * MP => $30 (discount) SP => Marked Price - Discount => 150 - 30 => $120 You get a discount of 10% on your jeans. You bargain and you get an additional discount of 20%. What is the selling price of your jeans if it was marked at $200. Successive Discounts Quickest way: 200 * 90 * 80 100 100 10% off on $200 is $20. So, $200 - $20 => $180. Then 20% off on 180 is $36. So, $180 - $36 => $144. Quick way: Giving a 10% discount is effectively making it 90% of its original price. Or 45% discount is making it 55% of its original price. So, to get it quickly, 90% of 200 => $180. 80% of 180 => $144 Quick Tips When no numbers are given and answer is in %, assume cost price to be $100. Tips Marking up a price means increasing the existing price Don't assume overall profit or loss as cost prices are dynamic. Title SEQUENCES AND SERIES NEXT :

Profit and Loss

Transcript: Profit is when you buy something and you sell it for a greater price. For example: I bought a motorcycle for $50,000 and sold it fr $100,000. Is it better to have profit or loss Selling price is where you have a price so the consumer has to pay that price. Example: I got a house for $200,000 and sold it for $250,000. Cost price is where it is a certain price so you have to pay that price. Example: I saw a dog for $50.00 and I bought it for $50.00. Profit Cost Price It is better to have profit because when you buy something you want to sell it for a higher price so you can make a profit and not a loss. Example: I bought a car for $150,000 and made a profit by selling it for $250,000. Bye! Selling Price Profit and Loss Loss A loss is where you buy something and sell it for a lower price. Here is an example:I bought a book for $5.00 and sold it for $3.00. add logo here

Profit and loss

Transcript: HOW TO CALCULATE PROFIT AND LOSS General information How to increase your sales? Review your expenses General information General information Calculating an accounting profit or loss has to be done by all businesses of any size, from the small solopreneur blogger to the large enterprises and corporations. Why? How to calculate account profit? How to calculate account profit Profit or loss is calculated when a person sells something to someone else. If he sells it for more price than he purchased, then he makes profit other he is at loss. Determinants of profit Determinants of profit Profit is determined by: the money you get from sales the cost of stock – if you're selling a product all the expenses you incur. How to increase your sales? How to increase your sales? Increase your sales Increase your sales Improve profit by looking at the money you earn from sales, and increase: the number of customers the volume of goods or services existing customers buy the sales price Marketing plan Marketing plan A marketing plan: lists your key marketing strategies explains how each strategy will work identifies how much the strategies will cost shows you how the strategies support each other. Review your expenses Review your expenses Expenses have an impact on profits. Review your expenses and look for ways you can cut back. Categories of expenses Categories of expenses Expense categories include: cost of goods sold fixed expenses variable expenses Deductible and non-deductible expenses Deductible and non-deductible expenses https://schooltutoring.com/help/how-to-calculate-profit-and-loss/ http://www.business.vic.gov.au/money-profit-and-accounting/financial-processes-and-procedures/profit-and-loss-statement-template-and-examples https://www.beginner-bookkeeping.com/accounting-profit.html Sources

Profit and loss

Transcript: PROFIT & LOSS What is profit? Profit is the amount left from sales revenue after deducting the cost of producing or supplying the good or service What is loss? Is when you take away your fixed costs and variable cost from your total amount, and you are left in debt needing to repay the money you have lost throughout a certain period of tim what contributes to profit and loss? sales and revenue: the amount of total money a company takes in a set period gross profit: the amount of profit you have made once you have taken away your costs of goods from your sales cost of goods: the amount of money it has cost the business to produce or buy the products they have sold expenses : they are overheads (fixed costs) that have to be paid for e.g. rent, wages, electricity etc Why is this important to a business? Profit and loss is important to a business because you can see if you are having a successful or a failure to the business in a certain mouth so you will be easily see what you can do next month to improve the business and make sure you will be making money To find out how to work out the Gross profit you take away the sales revenue from cost sales Net profit you take away gross profit from expenses If you find that there's a negative in front of the net profit you have made a lost if there is a postitive number you have made a profit Questions: 1. What are expenses? 2. How do you calculate net profit? 3. Why do we use profit and loss? 1. expenses are overheads (fixed costs) that have to be paid for e.g. rent, wages, electricity etc January 2009 February Sales revenue £80,000 £40,000 Costs of sales £50,000 Gross profit £10,000 Expenses £20,000 £15,000 Net profit £10,000 2. to calcualte net profit you take away gross profit from expenses How do you work out if your business is making profit or a loss? Mark scheme January 2009 February Sales revenue £80,000 £40,000 Costs of sales £50,000 £30,000 Gross profit £30,000 £10,000 Expensive £20,000 £15,000 Net profit £10,000 -£5,000 3. We use profit and loss to calculate how much income a company has produced over a certain period of time and how much money they have lost over that certain period Here is a ice cream shop finances Here is a ice cream shop finances BY OLIVIA AND CIARA Here's an example Fill out the missing spaces

Profit and Loss

Transcript: What is does it mean if a company is making a profit? LO: To understand how to calculate if a company is making a profit or loss Profit and Loss What does it mean if a company is making a loss? What do you need to know about the company to calculate profit/loss?

Profit and Loss

Transcript: Profit and Loss Account Leandra Lake Introduction Introduction Trading Profit & Loss Account Learning Objective Learing Objectives To have and understanding of what is Profit. To be able to identify the key features of the Trading account. Practice Activities - understanding how to prepare each section of the Trading, Profit and Loss statement. What is Profit? What is Profit? Definition: Profit means a business' excess revenues left over after all expenses have been paid for the period. Trading profit and loss accounts Calculates the profit / loss made by a business in the last 12 months. Example 1 Example 1 Why is it important Gross Profit Key Components Key Components The Trading section of a Profit & Loss Account represents the 3 main components. Sales Cost of Sales Gross Profit Gross Profit Gross profit Work out the Gross Profit for Peter 100 units sold Selling price £4 Purchase price £3 Total units purchased 150 Gross Profit Answer Donna purchased 50 whole fish from the market for her restaurant on Monday night, bought another 25 on Tuesday and by Wednesday night she realised that she sold 60 whole fish over the three days. Selling price £12 Purchase price £7 Work out Donna’s Sales. Gross Profit. COS Answer EG. Trading Account Net Profit Net Profit The profit a company makes after deducting all other indire... The profit a company makes after deducting all other indirect expenses from the Gross Profit. Net Profit Profit & Loss Pleanary Pleanary What is Profit? Let's Review Let's Review Why is it important? Next lesson we be looking at cost of goods sold and the tarding account in more details.

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