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Profit is calculated by subtracting costs from revenue.
Revenue is important because it tells you how much money overall is coming into the business and after subtracting the costs you can see what your overall profit is.
profits
Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P
The answer will depend on what you are subtracting! The answer will depend on what you are subtracting! The answer will depend on what you are subtracting! The answer will depend on what you are subtracting!