yovanka639
Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

How do you find your revenue and profit doing equations?

Sagot :

flavour5
Profit is different from revenue since you need to invest your money (called 'cost') to manufacture goods or services. So, a simple equation for 'revenue':

Profit = Revenue - Cost. 

Lets say you are the basketball manufacturer who sells one ball for 30 dollars. And if you sell 100 balls, your revenue will be 3,000 dollars. However, to make 100 balls, it may be required to pay about 1,000 dollars for labors, rentals, machines, leathers, distributions, etc. So, your profit will be 2,000 dollars (3,000 revenue - 1,000 cost). 
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.