Profit/loss -

supply/demand

This week in microsociety we did profit,loss,supply and demand.We discussed what it meant.For example, if you bought something for £6 and sold it for £12 you have made a 50% profit.However if you brought something for £10 and sold it for £5 you have made a 50% loss.Just in case i haven't made it clear, PROFIT is BETTER than LOSS.

Each group tried to work out if they had made a profit or a loss. Our(mine, Katerina's and April's) business is going great!We have made a profit of almost 100 waks!On a weekly basis, we pay :A.S.K to advertise our business; Abiran to write about us in the newspaper and E.Y Bakery to make us 20 small sandwiches and then we gjve her 50% of what is made by selling those! We are busy people!