Business Studies Profit
Teacher recommended
?- Created by: Natasha
- Created on: 03-02-13 11:13
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- Profit, Gross Profit & Net Profit
- Profit
- Total Revenue-Total Costs
- Revenue= PricexQuantity
- TR-TC
- Total Revenue-Total Costs
- Gross Profit
- TR-Cost of Sales
- Gross profit is important as it tells you if you have made enough profit to keep business running and if not the prices need to be altered.
- Net profit
- Gross profit-Expenses
- Expenses example Materials used
- Gross profit is important as this is profit take away deductions so tells you approximately(taxes) how much money you have.
- Gross profit-Expenses
- Profit
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