Revenue, costs and profit 5.0 / 5 based on 1 rating ? Business & Communication SystemsFinancesGCSEOCR Created by: rstaines98Created on: 30-12-13 15:19 What is renvenue? Income earned over a period of ti9me 1 of 5 What's the equation for revenue? Revenue = price x quantity 2 of 5 What are costs? the expenses involved in making a product. 3 of 5 How do you calculate profit? Profit = revenue - costs 4 of 5 What can turn losses in to profit? Cutting costs, increasing revenue 5 of 5
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