Question

profit is calculated by subtracting cost from price​

Answer 1

Answer:

profit is collected by subtracting cost price from selling price

Answer 2

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).