Question

Given a sales price of $100, variable costs of $70 and a break-even point of 500 units, net operating profit for sale of 501 units will be $

Answer 1

Given a sales price of $100, variable costs of $70 and a break-even point of 500 units, net operating profit for a sale of 501 units will be :- $30

What is profit and loss?

A financial statement that outlines the sales, expenditures, and expenses incurred during a specific time period—typically a quarter or fiscal year—is referred to as a profit and loss (P&L) statement. These documents reveal if a business can produce profit by raising sales, cutting expenses, or doing both. Frequently, these statements are given on an accrual or cash basis.

The income, cost, and expense totals for a given period are compiled in the profit and loss statement, a financial statement.

Along with the balance sheet and the cash flow statement, every publicly traded firm also releases a P&L statement quarterly and annually.

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