Profit or loss is what is left for a business after it subtracts its costs from the revenue received from selling its product.

Name: Profit or loss is what is left for a business after it subtracts its costs from the revenue received from selling its product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Profit or loss is determined by subtracting the total costs of running the business (expenses) from the total revenue generated from selling goods or services. If the result is positive, it's a profit; if negative, it's a loss.

Profit or Loss Is What Is Left for a Business