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<table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style="border: none;">
 <tbody><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-width: 1pt; border-style: solid; border-color: black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 A<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 B<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 C<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-top: 1pt solid black; border-right: 1pt solid black; border-bottom: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 D<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:1;height:18.55pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 1<o:p></o:p>
 </td>
 <td width="738" colspan="4" style="width: 553.25pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 PROFIT AND LOSS STATEMENT FOR ABC GROUP OF COMPANIES<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:2;height:18.55pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 2<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 Sales<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 18.55pt;">
 100000<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:3;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 3<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Cost Of
 Purchase<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 35% OF
 SALES<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:4;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 4<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Gross
 Profit (GP)<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:5;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 5<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Expenses<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:6;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 6<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Advertisement<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 18% OF GP<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:7;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 7<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Salaries<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 22000<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:8;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 8<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Electricity<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 2000<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:9;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 9<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Telephone<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 5780<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:10;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 10<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Misc<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 2100<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:11;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 11<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Total
 Expenses<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:12;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 12<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Profit<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:13;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 13<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Income Tax
 On Profit<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 35% OF
 PROFIT<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 </tr>
 <tr style="mso-yfti-irow:14;mso-yfti-lastrow:yes;height:19.45pt">
 <td width="37" style="width: 27.55pt; border-right: 1pt solid black; border-bottom: 1pt solid black; border-left: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 14<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 Net Profit<o:p></o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.3pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 <o:p> </o:p>
 </td>
 <td width="184" style="width: 138.35pt; border-bottom: 1pt solid black; border-right: 1pt solid black; padding: 0in 5.4pt; height: 19.45pt;">
 XXX<o:p></o:p>
 </td>
 </tr>
</tbody></table>

Question<o:p></o:p>

v Calculate
Costs of Purchases as 35% of Sales.<o:p></o:p>

v Calculate Gross profit as Gross
Profit=Sales - Cost of Purchase.<o:p></o:p>

v Calculate Advertisement as 18% of
Gross profit.<o:p></o:p>

v Calculate Total Expenses as
Advertisement + Salaries + Elec. + Telephone + Misc.<o:p></o:p>

v Calculate Profit as Profit =
Gross Profit - Total Expenses.<o:p></o:p>

v Calculate Income Tax as 35 % of
Profit.<o:p></o:p>

v Calculate Net Profit as Net
Profit = Profit - Income Tax.<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">1)  
Cost of Purchase:
-           =D3*35%<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">2)  
Gross
Profit: -                    =D3-D4<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">3)  
Advertisement:
-              =D5*18%<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">4)  
Total
Expenses: -              =C6+C7+C8+C9+C10<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">5)  
Profit: -                                 =D4-D11<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">6)  
Income Tax
on Profit: - =D12*35%<o:p></o:p>

<span style="font-size:14.0pt;font-family:"Cambria","serif";mso-ascii-theme-font:
major-latin;mso-fareast-font-family:Cambria;mso-fareast-theme-font:major-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:Cambria;mso-bidi-theme-font:
major-latin">7)  
Net Profit:
-                         =D12-D13<o:p></o:p>

Your order is placed

James Lemire

Your item is shipped

Salena Layfield

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