Question

A company that prints Blue Books for exams makes a profit according to the number of books sold. Suppose that the Profit is

Answer 1

Answer:

The answer is not complete. I will explain the concept of profit to you.

Step-by-step explanation:

We can determine profit deducting direct costs (cost price) of commodities from sales (selling prices) of the commodities.

Profit = Selling Price - Cost Price

Example:

A trader buys some dresses for #2,500 in May and agrees to pay for it in three months’ time. He sells off all the dresses in August for #4,500. The profit for the month is #2,000.

The formula for percentage profit is $\frac{profit * 100}{cost price}$

The formula for gross profit is Revenue – Cost of Sold Items

Profit Margin =  $\frac{Total Income}{Net Sales}$ * 100

While Gross Profit Margin can be calculated as $\frac{Gross Profit}{Net Sales}$ * 100

Any of these formulas can be used to calculate profit-related questions.