Revenue is 3,000,cost of goods is 1,500, selling expense is 500 what is the prophit?
2 answers:
In this situation the revenue is the total sales you make before all expenses.
To find the profit: 3000 - 1500 - 500 = 1000.
Your profit is $1,000.
The cost of goods was 1,500 and was sold for 3,000 and the selling expenses was 500
The profit is 3,000-1500-500=1000
therefore the profit is 3,000
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