Profit is always calculated as revenue minus expenses. If a company’s expenses were $10 million, write an equation that expresses profit, P, (in millions of dollars) in terms of revenue, R, (in millions of dollars). Then, determine the profit when revenue is $25 million.
a.
P = 10 minus R; $15 million
b.
P = R minus 10; $15 million
c.
P = R minus 10; $35 million
d.
P = 10 minus R; $35 million