explain cost and revenue analysis
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Cost and revenue analysis refers to examining the cost of production and sales revenue of a production unit or firm under various conditions. ... In simple terms, profit / loss is defined as the difference between the total revenue and the total cost i.e., Profit (or) Loss = Total Revenue - Total Cost.
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Cost and revenue analysis refers to examining the cost of production and sales revenue of a production unit or firm under various conditions. ... In simple terms, profit / loss is defined as the difference between the total revenue and the total cost i.e., Profit (or) Loss = Total Revenue - Total Cost.
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