____5. The formula for computing business profit is _______.
a. Total income + capital = profit b. Sales x Expenses = profit
c. profit=sales-expenses
d. total income / capital = profit
NON SENSE+COPY PASTE=REPORT
a. Total income + capital = profit b. Sales x Expenses = profit
c. profit=sales-expenses
d. total income / capital = profit
NON SENSE+COPY PASTE=REPORT
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Answer:
B.Sales x Expenses = profit
Explanation:
The profit formula is the calculation used to determine the percentage profit generated by a business. The concept is used to judge the ability of an entity to set reasonable price points, manufacture goods cost-effectively, and operate in a lean manner. The profit formula is stated as a percentage, where all expenses are first subtracted from sales, and the result is divided by sales. The formula is:
(Sales - Expenses) ÷ Sales = Profit formula
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