Question

7. The profit of a business may be calculated by
using which one of the following formula?
A. Opening capital - Drawings + Capital
introduced - Closing capital
B. Opening capital + Drawings - Capital
introduced - Closing capital
C. Closing capital + Drawings – Capital
introduced - Opening capital
D. Closing capital – Drawings + Capital
introduced - Opening capital
​

Answer 1

Answer:

C. Closing capital + Drawings – Capital

introduced - Opening capital

Answer 2

Answer:

The Correct Answer would be C. Closing capital + Drawings - Capital Introduced - Opening capital. The profit of a business can be calculated by using the formula Closing capital + Drawings - Capital Introduced - Opening capital.

Explanation:

The Profit in a business is the extra money that is earned by a business regarding some product or trade. Profit is the money which is gained by a company over a product or it can be a trade, by doing some mastermind business. It is the marginal value between the rate at which it is bought or made and the rate at which it is sold. More the profit in a business, more the success rate in that business.