6 Questions
What is the formula to calculate profit?
Revenue - Cost
How is profit typically calculated?
By determining the difference between revenue and cost
What does the profit formula Revenue - Cost represent?
The amount earned after covering expenses
What is the formula to calculate profit?
Profit = Revenue - Cost
What does the profit formula Profit = Revenue - Cost represent?
The financial gain in a business
If a business has a revenue of $5000 and a cost of $3000, what is the profit?
$2000
Test your knowledge of business economics with this quiz on calculating profit. Learn the formula for profit, how it is typically calculated, and what the profit formula Revenue - Cost represents.
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