Question

what is formula of profit​

Answer 1

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Total Revenue - Total Expenses = Profit.

• Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages.

Answer 2

Answer:

The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. ... Indirect costs are also called overhead costs, like rent and utilities.