Directions: Put your feet in the shoes of the business owner and suggest specific ways on how a business can gain profit and how it can be avoid loss Ways to Gain Profit 1. 2. 3. 4. 5. 1. 2. 3. 4. 5. Ways to Avoid Loss Case-to-Case Directions: Read and analyze the problem and use simple income statement to show your answers in the box below. Aling Sita Mango Shake Aling Sita rent a space at the mall for her mango shake business at P10,000 per month. She also pays for water and electricity for P5,000 and salary of her store crew for P7,000 every month. She sells her mango shake at P55 per caps. The cost of the materials and ingredients for 100 caps of mango shake is estimated at P2,500. Required: Compute for the profit or loss if: Case 1: Aling Sita was able to sell 1,500 caps of mango shake in a month. Case 2: Aling Sita was able to sell 3,000 caps of mango shake in a month. CASE 1 Step 1: Identify and label all the information needed to solve the problem. CASE 2 Step 2: Compute for the selling price of the product Step 3: Compute for the net sales by multiplying the quantity sold by its selling price. Step 4: Identify and compute for the variable cost of sales by multiplying the quantity of output sold by its variable cost per unit. Step 5: Identify and compute for the total fixed costs by adding all the costs necessary to keep the business running. Step 6: Use simple income statement to compute for the profit or loss in the problem. Conclusion