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please answer and make solution Activity 2. Determining Profit and Loss v.2.0 A trading firm purchased a lot from a merchandiser that costs P100,000.00 for

please answer and make solution

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Activity 2. Determining Profit and Loss v.2.0 A trading firm purchased a lot from a merchandiser that costs P100,000.00 for which it paid P10,000.00 transportation. If the firm can sell the lot with the following listed price, P200,000.00, P95,000.00 and an amount with a target mark-up of 20%. Determine the profit and loss incurred by the firm with the given selected selling price

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