class 7 money math chapter
what is profit equation?
Answers
Answered by
0
The formula to calculate profit is:
Total Revenue - Total Expenses = Profit.
Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.
gvmbwordgw
Answered by
1
Step-by-step explanation:
profit =selling price - cost price (s.p-c.p)
Similar questions