There is a white sand beach you plan to visit next summer. You want to save money for the trip but your allowance is enough to cover your expenses in school To eam, you thought of reselling some items for a profit You bought a bag for P800.00. You spent P50.00 for transportation in going to the store to buy it. For the following independent cases, determine whether you eam a profit or incurred a loss. Determine how much your profit or loss wan
Scenario #1: You sold the bag to your friend for P1 000.00
Scenario #2: You sold the bag to your friend for P700.00.
