There are a couple of graphs you could use. A pie graph or a bar graph.
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.
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.
(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
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
The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services
hard to discuss. To really explain it I'd need a graph which I don't have. But Profit maximization is the ATC (Average total cost) and MR (Marginal Revenue) equal each other
profit or loss
Given that P=R-C where P is profit, R revenue and C cost, it follows that marginal profit dP/dQ = dR/dQ-dC/dQ where P,R and C are all functions of the output Q. Maximizing profit means setting dP/dQ = 0. Then dR/dQ = dC/dq where dR/dQ and dC/dq are marginal revenue and marginal cost respectively.