Question

Define profit how it can be measured in business economic

Answer 1

Answer:

Explanation:

Profit Is The Reward Getting The Business Man For His Hard Work

You calculate the most common measure of profitability, the profit ratio, by dividing net income by sales revenue. This metric will tell you how much of every dollar in sales flows to the bottom line. ... However, tracking the profit ratio helps you see how your company is doing at turning sales into profit.