ILLUSTRATION 3 A production concern sells its sole product in three sizes of package, small, medium and large, each package containing respectively one, two and three dozen units of the product. Sales for the year were No. ofpackages sold Sale rate per package Small size 20,000 1 $1 Medium size 5,00,000 $1.5 Large size 5,00,000 $2 The factory cost was 3 pause per unit of product and the administration overheads were added at 2% sales. Following selling and distribution expenses were incurred: Small $ Medium $ Large $ $ Total $ Advertising 3,000 60,000 1,50,000 413,000 Packages 500 50,000 50,000 1,00,500 Traveling expenses 100 8,000 3,000 11,100 General Advertising-1% of sales ; Commission-10% of sales and Sales office Expenses-2% of sales. Prepare a comparative Profit and Loss statement for each size of package