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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asked May 25, 2018 42.3k views

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Bobmcn · Answer 1 · 2018-05-29T14:47:09+0000

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.

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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