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What I have Learned Knowing the profit, loss and the break- even in selling products is very important. It is the basis of the performance of one's company. A profit is the difference of the amount earned and the amount spent in buying, operating and selling products. A loss is an excess in the expenses over the revenues. Breakeven happens when the total sales is equal to the total sales. Reflective Question: As an ABM student who plans to be involve in business or corporate world in the future, why is it important to learn the concept of profit, loss and break-even