Gail, Inc. consigned 10 one-horse power air-condition units to Faye Trading

and paid P2,000 freight-out. The consignee is allowed a commission of 10% on

sales. Faye Trading submitted an account sale on its sales in December, 20x7 as

follows:

Sales, 6 units including 12.5% gross

profit................................

P72,000

Less: Advance to consignor

P10,000

Selling

expenses...........................................................

800

Installation and delivery...........................

1,200

Commission, 10% of

sales.............................................

7,200

19,200

Net Remittance.............................................

P52,800

How much is the consignment profit (loss) of Aircon, Inc.?