Podcast
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?
What does the profit formula Profit = Revenue - Cost represent?
What does the profit formula Profit = Revenue - Cost represent?
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?
Flashcards
Profit Formula
Profit Formula
Total income minus total expenses.
Calculating Profit
Calculating Profit
The amount earned after subtracting all expenses from total revenue.
Profit Represents
Profit Represents
Financial gain of a business, calculated as Revenue - Cost.
Profit Calculation Example
Profit Calculation Example
Signup and view all the flashcards
