what is profit.write formula for finding it
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Answer:
Profit formula is used to know how much profit has been made by selling a particular product.
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Formulas to Calculate Profit.
Formula for Profit Profit = S.P – C.P.
Gross Profit Formula Gross Profit = Revenue – Cost of Goods Sold
Step-by-step explanation:
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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.
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