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Q: How do you graph cost revenue and profit functions?

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3:2

If he made a profit of 15, he sold it for 15015.

D I C K

The shopkeeper sold the cupboard for Rs 6175. 5% of 6500 = .05 x 6500 = 325 6500 - 325 = 6175 Since he earned a profit of 15% of the cost, the cost price, C, would be Rs 5369.57. C + 15% of C = 6175 C + .15C = 6175 1.15C = 6175 (divide by 1.15 to both sides) C ≈ 5369.57

Graphically, it is the point where the graph intersects the y-axis. It gives the value of the y-variable when the x-variable is 0. If, to take a simplistic example, x represented the number of units produced by a firm, and y was the total cost, then the y-intercept would represent the fixed costs - the amount the firm would have to pay even if it produced nothing - eg for land, rent etc.

Related questions

it doesn't cost is cost revenue is revenue

At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.

At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.

At this intersection point on a graph, firms will earn maximum profit, even if this point is under average total cost.

Profit

The Gross Profit Margin is an expression of the Gross Profit as a percentage of the Revenue, where the Gross Profit is the Sales minus Cost of Sales. The Gross Profit Margin can be calculated in the following ways: Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - Cost of Sales/Revenue*100

(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)

NO, if reveneu is less then cost then company is in loss as following forumula: Net profit (loss) = Revenue - Cost

because the lower the cost the more profit the business makes profit = revenue - cost

Revenue is the profit made from an activity, while cost is the price something is.

Profit is the difference between sales and cost as per formula; Profit = Sales - Cost So profit can never be considered as cost or revenue.

Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue

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