Economy, asked by ravikantverma9616, 11 months ago

Distinguish between profitability and profit growth

Answers

Answered by saranyaa221
0

Answer:

The profit is an absolute number which is equal to revenue minus expenses. If a company has $200 in revenue and $180 expenses, its profit is $20. Profitability is a relative number (a percentage) and expresses the ratio between profit and revenue. Profitability = profit divided by revenue multiplied with 100.

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