Which is correct when finding profit?

Question 1 options:

Revenue - costs = profit

Time + labor = profit

e

Revenue + costs = profit

Profit cannot be determined by a simple formula.

Hi there! The revenue is the amount of money you make. However, you have to subtract the costs, because you have to buy different things, so you won't get 100% of the revenue. You would have to subtract costs from the revenue to get your profit. Therefore, the answer is A: revenue - costs = profit.