Profit and loss account

 

Eraser for sale $10 each 

Cost to make ($3 dollar each)

OutPut (300)

Total: $2,100 

-Taxes and interests: $500

-Expenses: $1000

Total: $600

PROFIT AND LOSS ACCOUNT 

Total Sales Revenue: ($10 x 300) = $3000

COGS (cost of goods sold): ($3 x 300) = $900

GROSS Profit: ( sales - COGS) = $2,100

-Taxes and interests: $500

NET Profit after taxes and interests: $1.600

-Expenses: $1000

NET PROFIT: $600

Eraser for sale $50 each 

Cost to make ($25 dollar each)

OutPut (1000)

 -Taxes and interests: $10000

-Expenses: $5.000

Total: $10.000

Total Sales Revenue: 50.000

COGS: 25.000

GROSS Profit: $25.000

Taxes and Interests: 10.000

NET profit after T&I: 15.000

Expenses: 5.000

Net Proftit: 10.000