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.