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29 May, 05:28

Which of the following accurately explain how profit is calculated

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  1. 29 May, 05:43
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    Costs are subtracted from revenues.
  2. 29 May, 05:45
    0
    Profit is basically the surplus money you make at the end of one buy and sell transaction. To calculate profit is to insert your production costs, storage, advertising and rent adding it and then subtracting it from the figure made after selling. If the figure is in positive state it's a profit. Have a nice day!
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