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

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

  • Algebra - , Friday, July 31, 2009 at 7:45pm

    Profits=income-costs

    There are hundreds of "formulas" for profit.

  • Algebra - , 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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