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If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business?
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May 25, 2018
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If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business?
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Hico
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Your initial revenue is $3000, so that is what we will be subtracting from. Profit is defined as the amount of money left over after all other expenses are covered.
3000
-1500
-500
$1000
Since you have
$1000
left, it is your profit.
Bobmcn
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May 29, 2018
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Bobmcn
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