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Earn +20 ptsQ: Does profit equal revenue minus cost?
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How do you find projected profit?
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
What is selling price minus cost?
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Marshall bought 20 refills and sold them 4 each. If it had cost 50 for the refills what was his profit or loss percent.?
Marshall bought 20 refills for a total cost of 50, which means each refill cost him 2.50. If he sold them for 4 each, his total revenue from selling all 20 refills is 80 (20 refills x 4). His profit is calculated as revenue minus cost, which is 80 - 50 = 30. To find the profit percent, divide the profit by the cost and multiply by 100: (30 / 50) x 100 = 60%. Thus, Marshall made a profit of 60%.
What is the cost of overhead minus the selling price?
The cost of overhead minus the selling price is supposed to be profit. Unfortunately, there are other charges that might eat away at this profit, like advertising, shipping, and display.
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