The __________ equation = (Unit price × Quantity sold) - Total cost.
A)total revenue
B)variable cost
C)net present value
D)profit
E)break-even point

Question

Quizplus · Accepted Answer

The given equation is used to calculate profit. The formula subtracts the total cost from the total revenue, which is calculated by multiplying the unit price by the quantity sold. Therefore, the correct answer is D) profit.

The __________ Equation = (Unit Price × Quantity Sold) -