Business Studies Profit

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  • 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
    • 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.

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