Profit Calculation Quiz
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Questions and Answers

What is the formula to calculate profit?

  • Revenue + Cost
  • Revenue - Cost (correct)
  • Revenue / Cost
  • Revenue * Cost

    • 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?

  • 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?

    <p>Profit = Revenue - Cost</p> Signup and view all the answers

    What does the profit formula Profit = Revenue - Cost represent?

    <p>The financial gain in a business</p> Signup and view all the answers

    If a business has a revenue of $5000 and a cost of $3000, what is the profit?

    <p>$2000</p> Signup and view all the answers

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