Activity #2: Prepare a forecast of profit Illustration problem: Miss Santos put a laundry service last January 1, 2019. The sales for each would reach P 2,500.00 each day. She hired two employees with a salary of P 10,500.00 each. She purchased two washing machines and drier amounting to P 300,000.00. Monthly rental for the shop is P 3,000.00. The electric bill would reach P 7,500.00 and P 8,500.00 for water. She purchased laundry soaps and detergents with the amount of P 5,000.00 and laundry bags amounting P 3,000.00 every month. Compute: The projected profit if there would be an increase of 10% for revenue and 5% for expenses after two years of operation.