formula,Total revenue − Total cost,or [(Unit price × Quantity sold)− (Fixed cost + Variable cost)] represents __________.
A) the value equation
B) the sales ratio
C) average revenue
D) the break-even point
E) the profit equation

Question

Quizplus · Accepted Answer

The formula Total revenue − Total cost,or [(Unit price × Quantity sold)− (Fixed cost + Variable cost)] represents the profit equation, as it calculates the difference between the revenue earned and the overall cost of production.

Formula,Total Revenue − Total Cost,or [(Unit Price × Quantity Sold)−