Question

Profit is: Multiple Choice the same as cost. the same as revenue. what is left over from total revenue after all of the appropriate costs have been subtracted. what is left over from total cost after all of the appropriate revenues have been subtracted.

Answer 1

Profit is what is left over from total cost after all of the appropriate revenues have been subtracted.

What is profit?

Profit is total revenue less total cost. A profit is earned when total revenue is greater than total cost. If this is not the case, then there is a loss.

Profit = total revenue - total cost

For example, if total revenue is 10,000 and total cost is 2000. Profit is 10,000 - 2000 = 8000

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