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svetoff [14.1K]
3 years ago
15

What is the best definition of profit?

Business
2 answers:
Rufina [12.5K]3 years ago
6 0

Answer:

D

Explanation:

took the test

weqwewe [10]3 years ago
3 0

Answer:

The correct answer is D. Profit is the financial gain from business activity minus expenses.

Explanation:

For example a company whose business activity is selling chairs has sold 10 chairs in a month at 10 dollars each which it has bought in 6 dollars (per chair). The company has incurred 5 dollars as admin expenses and had paid 10 dollars to commercial bank as interest. So what is company profit?

Calculation.

The profit will be 25$ as shown below.

Sales                     (10*10) 100

Purchase               (10*6)  (60)

Admin expense                 (5)

Financial expense             (10)

Profit                                   25

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