Could someone please explain the equation which is used for profit?
Algebra - bobpursley, Friday, July 31, 2009 at 7:45pm
There are hundreds of "formulas" for profit.
Algebra - Ms. Sue, Friday, July 31, 2009 at 7:47pm
Profit = Revenue - Cost
Suppose you have a lemonade stand.
It costs you 10 cents to make a glass of lemonade. You charge each customer 25 cents a glass. Therefore your profit is 15 cents per glass.
15 = 25 - 10