Subjects finance

Profit Calculation

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Profit Calculation


1. To calculate your profit, you need to know two key values: your total revenue (the amount of money you earned) and your total costs (the amount of money you spent). 2. The formula for profit is: $$\text{Profit} = \text{Total Revenue} - \text{Total Costs}$$ 3. Important rules: - If your total revenue is greater than your total costs, your profit is positive, meaning you made money. - If your total revenue is less than your total costs, your profit is negative, meaning you incurred a loss. 4. To find your profit, subtract your total costs from your total revenue. 5. For example, if your total revenue is 500 and your total costs are 300, then: $$\text{Profit} = 500 - 300 = 200$$ This means you made a profit of 200. If you provide your total revenue and total costs, I can help calculate your exact profit.