If Cost Price is Rs. 85 and Selling Price is 105, then what is the profit? *
Answers
Answer:
profit = 105-85
= 20
Step-by-step explanation:
profit %= 20/85*100=23.5%
Hope it helps buddy
Answer:
Profit = selling price - cost price
profit = 105 - 85
profit = 20 Rs.
Step-by-step explanation:
As it is given in the question that
Cost Price is Rs. 85
Selling Price is 105
and we need to calculate profit.
Formula - Profit = selling price - cost price
profit = 105 - 85
profit = 20 Rs.
Profit is the money earned by a business when its total revenue exceeds its total expenses.
Any profit a company generates goes to its owners, who may choose to distribute the money to shareholders as income, or allocate it back into the business to finance further company growth.
The method of calculating profit is simple: subtract a business’s expenses from its total revenue over a fixed amount of time.
To calculate profit, you need to take the revenue from above, subtract all expenses, then take away any deductions. This difference is the final amount of money that was gained after all transactions were completed.
For example, let’s say a particular company has the following transactions. In one month, it had sales of $850 but it also had costs of producing its products that consisted mainly of raw materials ($50), depreciation on equipment used in production ($60), wages for employees ($200), and an administrative fee ($20).
Profit is vital for businesses of all sizes and shapes to know how much money is being kept after expenses. It’s important to not only know how much money a business is keeping after all expenses, but also each level of profitability.
If a business has a low gross profit, its focus should be on reducing the cost to fulfill sales. If it has a high gross profit, but low net profit, it should look at its operational expenses to determine where it can cut costs.
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