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28 August, 02:51

Which accurately explains how profit is calculated?

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  1. 28 August, 06:41
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    Answer is "Costs are subtracted from revenues".

    The rate for profit is usually the % of one’s revenue that is profit. I can easily be calculated by removing the overall expenditures from the sum total of revenue, what is left can be taken as profit. When someone make a division of the revenue by the total expenditures the answer will be the rate, % of profit.
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