Question

profit is calculated by using the following​

Answer 1

Answer:

This simplest formula is: total revenue – total expenses = profit. Profit is calculated by deducting direct costs, such as materials and labour and indirect costs (also known as overheads) from sales.

Explanation:

Hope it is helpful..

Answer 2

Answer:

This simplest formula is: total revenue – total expenses = profit. Profit is calculated by deducting direct costs, such as materials and labour and indirect costs (also known as overheads) from sales.