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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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Why we study calculus need use?
Companies have profit functions that depend on the quantity of a product they produce. Using calculus, we can figure out how to maximize profit.
Do farmers use math?
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
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
Sell price is 2602.58 cost price is 2090.42 what is the profit?
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%
How do you get a retail price if you have the gross profit percent and 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. Add the profit margin (cost*profit%) to the cost.
