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
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