Name: Guevarra, Jheonnel D.

Section: ABM 11-E

Activity 1
Determine whether the statement shows a profit or loss situation. Write P for profit and L for
Loss.
P 1. Ben bought a pen at ₱10 each and sold it for ₱12
L 2. Martha bought a scientific calculator at ₱2,000. When a new and upgraded model was
released after two months, she sold her scientific calculator for ₱1,200 to buy the new one.
P 3. A banana cue vendor gains ₱100 for selling it at ₱10 per stick
P 4. The cost of 10 pieces personalized calendar is ₱850. It was sold for ₱150 each
P 5. Joy bough a 16GB memory card at ₱600 and decided to sell it to her sister for ₱650.
Activity 2
Solve the following Problems
1. Greg bought a laptop for ₱28,000 and spent ₱2,500 on its spares. He later sold it for ₱25,000.
How much is Greg’s loss?
28,000 + 2,500 = ₱30,500
30,500 - 25,000 = ₱5,500. Greg loss ₱5,500.
2. Alden went to Bicol and bought 25 packs of pili nuts for ₱875 with 10% discount. When he got
back to Manila, he sold 15 packs for ₱675, and the rest at ₱40 each. How much profit did Alden gain.
875 x 0.10= 87.5 875 - 87.5 = 787.5
40 x 10 = 400 400+675 = ₱10,075
1075 - 875 = 200. Alden gain ₱200 from selling the 25 packs of pili nuts.
3. Arman sold a watch to his friend at a loss of 5%. If his friend paid ₱650 for it, find the original
cost of the watch.
P684.21 is the original cost of the watch
Loss of 5% = 0.05
x ( 1 - 0.05) = 650
0.95x = 650
x = 650/0.95. x = 684.21
The cost price of the watch is P684.21
4.A mobile phone was sold for ₱4,800. Find the cost price of the mobile phone if the profit is
20%.

5.A shopkeeper buys digital camera at ₱5,400 each. Due to price fall in the market, he was
forced to sell them at a loss of 15%. Find the selling price of each digital camera.

5,400 x 0.15=810

5,400 - 810=4590

P4,590 is the selling price of each digital camera

 APPLICATION

Max’s Group Inc., the casual dining restaurant operator, said it incurred a net loss of P169.28 million in
the first quarter, a reversal from last year’s income of P138.57 million, due to the lockdowns.
Revenues fell 19 percent to P2.72 billion, from last year’s P3.35 billion, the company said.
System-wide sales, comprised of sales generated by both company-owned and franchised stores,
declined 13 percent to P3.99 billion, from last year’s P4.58 billion.
As a result of the Covid-19 pandemic, the company said it is scaling down overhead costs and controlling
working capital spend for the rest of the year, and putting on hold all plans for new store openings.
The company said it “continues to do an comprehensive review of its current store network to position
each location for improved organic growth and profitability.”
“The cumulative impact of temporary store closures, dine-in restrictions and various fixed costs have
resulted in a swift reversal from last year’s performance,” said Robert F. Trota, company president and
CEO.
“We anticipate that this trend will continue through the second quarter as well. Despite our
conservative outlook, we are gradually making progress as we mindfully reopen more locations across
our network.”
The company said it did well during the first two months of the year, but in mid-March, with the
implementation of enhanced community quarantine, the company was forced to cease operations in
malls and operate stand-alone and in-line locations in a limited capacity.
The company paused all its operations from March 26 to April 4.
Max’s has since reopened 573 stores, or 76 percent of its total store network.
In previous months, the company said it rationalized menu offerings for each of its brands, optimizing
inventory, and growing its delivery and take-away channels.
“We believe that the convergent power of our brands gives us a unique resilience as we navigate what
we acknowledge will be a challenging second quarter. Our delivery business continues to operate in
multiples of 2-3x versus their previous same-store levels, demonstrating the continued trust and
confidence consumers put in our portfolio of household name brands,” said Ariel P. Fermin, the
company’s COO.
“Our goal is to successfully execute strategic shifts to thrive within the new normal.”
Source: https://businessmirror.com.ph/2020/06/11/maxs-group-incurs-losses-due-to-lockdown/
Question:

What is the effect of CoVid pandemic to Max’s Group Inc. Does it Gain Profit or Loss? Explain and
justify your answer.
Category Excellent Very Satisfactory Satisfactory Needs
Improvement

Content- 100% of the solutions 80 -99% of the 60-79% of the Below 60% of the
Accuracy (20) are correct. (20) solutions are solutions are solutions are
correct (17) correct (14) correct (11)

Presentation of Output is Output is attractive Output is Output is

Output exceptionally in terms of design, acceptably distractingly messy
attractive in terms of layout and attractive though it and not attractive
(15) design, layout and neatness (13) may be a bit messy (9)
neatness (15) (11)

Mathematical Complete Substantial Partial Limited

Content/ understanding of the understanding of understanding of understanding of
Reasoning (15 mathematical the mathematical the mathematical the mathematical
concepts is evident in concepts is concepts is concepts is
the presentation. (15 applied. (13) applied. (11) applied. (9)

ASSESSMENT

Solve the following problems

1. Alfred buys an old scooter for ₱14,700 and spends ₱1,800 on its repair. If he sells the scooter for
₱15,800, what is his percent gain or percent loss?

14,700+1,800=16,500

16,500-15,800=700

700/16,500=0.0424

4% is the precent gain if he sells the scooter.

2. Find the percent gain or percent loss when a car bought for ₱925,000 is sold for ₱850,000.

925,00-850,000=75,000

75,000/925,000=0.08108

8% is the percent loss

3. Adrian bought 50 dozens of pencils at ₱60 a dozen. Out of these,20 pencils were found broken. He
sold the remaining pencils at ₱7 each. Find his percent gain or percent loss.

50x60=P3,000

50x12=600 pieces

600-20=540 pieces left

540x7=3780

3,780-3,000=780

780/3,00=0.26

26% is the percent gain from selling the pencils at a price of P7

4. Martin bought 18 chairs at ₱350 each. He sold 12 of them at ₱450 each, and the remaining chairs at
₱300 each. Calculate his percent gain or percent loss.

18x350=6,300

12x450=5,400

6x300=1,800

5,400+1,800=7,200

7,200-6,300=P900 profit

900/6,300=0.1428

14% is the percent gain from selling.

5. A dealer losses ₱5,000, when he sells furniture at a loss of 10%. How much is the selling price of the
furniture?

10%=5,000

0.1 x n=5,000

n=5,000/1

n=50,000

P50,000 is the selling price of the furniture.