To figure out a profit do the following:
MONEY EARNED - EXPENSES = PROFIT
So lets say I had a hotel and earned £50,000 within a year and all my bills came to £20,000. I would do £50,000 - £20,000 = £30,000 which is my profit.
However lets say I only earned £10,000 within a year I would be doing
£10,000 - £20,000 = -£10,000 therefore I am losing money making it a loss.
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Companies have profit functions that depend on the quantity of a product they produce. Using calculus, we can figure out how to maximize profit.
Not tough math, but they need to figure out how much profit, revenue, and other things. Additional: Totally agree! Simple stuff and you can use a calculator
Profit = (profit percentage / 100) x gross income
The basic formulas for profit are represented as follows: Profit = Price - Cost % Profit = Profit / Cost So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is : Profit = 2,602.58 - 2,090.42 = 512.16 The % profit (relative to the cost) is: % Profit = 512.16 / 2,090.42 = 24.5%
Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost. Add the profit margin (cost*profit%) to the cost.