If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business?
1 answer:
Your initial revenue is $3000, so that is what we will be subtracting from. Profit is defined as the amount of money left over after all other expenses are covered. 3000 -1500 <u> -500 </u>$1000 Since you have $1000 left, it is your profit.
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