BUISENESS MANAGEMENT
BUSINESS PLANNING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is the correct calculation for profit?
|
|
selling price x number of units sold
|
|
|
number of units sold x cost per unit
|
|
|
total revenue-total costs
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Profit is simply total revenue minus total expenses. It tells you how much your business earned after costs.
Detailed explanation-2: -Finding profit is simple using this formula: Total Revenue-Total Expenses = Profit.
There is 1 question to complete.