Profit is defined as total revenue
A)plus total cost.
B)times total cost.
C)minus total cost.
D)divided by total cost.

Name: Profit is defined as total revenue A)plus total cost. B)times total cost. C)minus total cost. D)divided by total cost.
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Question

Quizplus · Accepted Answer

Profit is the difference between total revenue and total cost. Therefore, to calculate profit, you deduct total cost from total revenue. This makes option C ('minus total cost') the correct choice.

Profit Is Defined as Total Revenue