Posted by **Joan** on Friday, July 31, 2009 at 7:41pm.

Could someone please explain the equation which is used for profit?

- Algebra -
**bobpursley**, Friday, July 31, 2009 at 7:45pm
Profits=income-costs

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

http://earthmath.kennesaw.edu/main_site/review_topics/economics.htm

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