Asked by Joan
Could someone please explain the equation which is used for profit?
Answers
Answered by
bobpursley
Profits=income-costs
There are hundreds of "formulas" for profit.
There are hundreds of "formulas" for profit.
Answered by
Ms. Sue
Profit = Revenue - Cost
Suppose you have a lemonade stand.
It costs you 10 cents to make a glass of lemonade. You charge each customer 25 cents a glass. Therefore your profit is 15 cents per glass.
15 = 25 - 10
http://earthmath.kennesaw.edu/main_site/review_topics/economics.htm
Suppose you have a lemonade stand.
It costs you 10 cents to make a glass of lemonade. You charge each customer 25 cents a glass. Therefore your profit is 15 cents per glass.
15 = 25 - 10
http://earthmath.kennesaw.edu/main_site/review_topics/economics.htm
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.