Question

Explain profit and its 1 formula plz no spam ????

Answer 1

Answer:

The profit formula is stated as a percentage, where all expenses are first subtracted from sales, and the result is divided by sales.

The formula is: (Sales - Expenses) ÷ Sales = Profit formula.

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Answer 2

Answer:

(Sales - Expenses) ÷ Sales = Profit formula

Step-by-step explanation:

Explanation ⤵️

The profit formula is the calculation used to determine the percentage profit generated by a business. The concept is used to judge the ability of an entity to set reasonable price points, manufacture goods cost-effectively, and operate in a lean manner.

Example ⤵️

A business generates $500,000 of sales and incurs $492,000 of expenses. The result of its profit formula is:

($500,000 Sales - $492,000 Expenses) ÷ $500,000 Sales

= 1.6% Profit

✔️A variation is to strip all operating expenses from the calculation, so that only the gross profit is revealed.

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