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18 May, 13:30

Which is correct when finding profit?

Question 1 options:

Revenue - costs = profit

Time + labor = profit

e

Revenue + costs = profit

Profit cannot be determined by a simple formula.

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Answers (1)
  1. 18 May, 13:47
    0
    Hi there! The revenue is the amount of money you make. However, you have to subtract the costs, because you have to buy different things, so you won't get 100% of the revenue. You would have to subtract costs from the revenue to get your profit. Therefore, the answer is A: revenue - costs = profit.
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Home » Business » Which is correct when finding profit? Question 1 options: Revenue - costs = profit Time + labor = profit e Revenue + costs = profit Profit cannot be determined by a simple formula.
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