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Profit is revenue minus costs. In merchandising, you have to pay for the items you sell, and you charge a higher amount to your customers. The difference between what you pay for them (cost) and what you get for selling them (revenue)_ is your profit. ■
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What does profit mean in math terms?
profit = selling price - (cost of buying + overheads)
What is a math example of profit?
$100 payment - $80 costs = $20 profit
What is a profit in math?
Non negative output
How is math used in stores?
cash register...profit...revenue cash register...profit...revenue
What is the definition of commission used in math?
to earn profit
Is math necessary for a commerce student?
Yes. Math is necessary for everyone, especially someone who is interested in commerce. Without math, you will not be able to determine if a business is making a profit.
What does length mean in math?
What does length mean in math
What kind of math does a cook use math for?
Measurement conversions, nutritional content, serving sizes, cost vs profit analysis of recipes
What do you mean by cash profit?
Cash profit means profit after tax plus depreciation.
What is the formula for finding the profit in math?
Profits = total revenues minus total costs.
What does the word key in math's vocabulary mean?
what does key mean in math
What does monthly profit mean?
a monthly profit means to make a profit every month in a company.
