If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business?

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07-08-2017
Mathematics

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If total Revenue is $3000, Cost of Goods is $1500, and total Selling Expense is $500; what is the Profit for the business?

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Jefrafra Jefrafra · Answer 1 · 2017-08-07T17:39:37+02:00

Jefrafra Jefrafra

07-08-2017

Your initial revenue is $3000, so that is what we will be subtracting from. Profit is defined as the amount of money left over after all other expenses are covered.

3000
-1500
-500
$1000

Since you have $1000 left, it is your profit.

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