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Questions and Answers
What is the formula to calculate profit?
What is the formula to calculate profit?
- Revenue + Cost
- Revenue - Cost (correct)
- Revenue / Cost
- Revenue * Cost
How is profit typically calculated?
How is profit typically calculated?
- By adding revenue and cost
- By multiplying revenue and cost
- By dividing revenue by cost
- By determining the difference between revenue and cost (correct)
What does the profit formula Revenue - Cost represent?
What does the profit formula Revenue - Cost represent?
- The amount spent on production
- The amount earned after covering expenses (correct)
- The total revenue generated
- The cost incurred in generating revenue
What is the formula to calculate profit?
What is the formula to calculate profit?
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What does the profit formula Profit = Revenue - Cost represent?
What does the profit formula Profit = Revenue - Cost represent?
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If a business has a revenue of $5000 and a cost of $3000, what is the profit?
If a business has a revenue of $5000 and a cost of $3000, what is the profit?
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