3 years ago

HELP PLS Describe how profit is calculated.

History

2 answers:

tia_tia [17]3 years ago

5 0

Answer:

profit = total revenue - total expenses

Daniel [21]3 years ago

3 0

Answer:

formula is: total revenue – total expenses = profit.

Profit is calculated by deducting direct costs, such as materials and labour and indirect costs (also known as overheads) from sales. The fact that the stock wasn't paid for immediately is not relevant when calculating profit.

Explanation:

hopw this helps

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