Which is correct when finding profit?

Question 1 options:

Revenue - costs = profit

Time + labor = profit

e

Revenue + costs = profit

Profit cannot be determined by a simple formula.

Question

Business

Stephen Fernandez

1 September, 15:23

Which is correct when finding profit?

Question 1 options:

Revenue - costs = profit

Time + labor = profit

e

Revenue + costs = profit

Profit cannot be determined by a simple formula.

+2

Answers (1)

Know the Answer?

Julina · Answer 1

Hi there! The revenue is the amount of money you make. However, you have to subtract the costs, because you have to buy different things, so you won't get 100% of the revenue. You would have to subtract costs from the revenue to get your profit. Therefore, the answer is A: revenue - costs = profit.

Which is correct when finding profit?Question 1 options:Revenue - costs = profitTime + labor = profiteRevenue + costs = profitProfit cannot be determined by a simple formula.

Which is correct when finding profit?

Question 1 options:

Revenue - costs = profit

Time + labor = profit

e

Revenue + costs = profit

Profit cannot be determined by a simple formula.