Which of the following accurately explains how profit is calculated
Asked by maham237 @ in Social Studies viewed by 276 People
Answered by maham237 @
Answer is "Costs are subtracted from revenues".
The rate for profit is usually the % of one’s revenue that is profit. I can easily be
calculated by removing the overall expenditures from the sum total of revenue,
what is left can be taken as profit. When someone make a division of the
revenue by the total expenditures the answer will be the rate, % of profit.
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