What was her profit or loss?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter6: Business Expenses
Section: Chapter Questions
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Annie bought one dozen smartphones for P200, 000.00 with a discount of 5%. She sold half dozen at a price of P18, 000.00 per unit.  However, a new model of smartphone became available in the market, so she sold the remaining half dozen @ P12, 000.00 each unit.  What was her profit or loss?

 

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