Determine a formula for the following relationship: Profit is determined by the difference between gross income and the sum of cost to seller and cost of overhead.
A)P = G - CS + CO
B)P = CS + CO - G
C)P = G - (CS + CO)
D)P = G + CS + CO

Question

Quizplus · Accepted Answer

The formula for profit is determined by subtracting the sum of cost to seller and cost of overhead from gross income. Therefore, the correct formula is P = G - (CS + CO).

Determine a Formula for the Following Relationship: Profit Is Determined