Math Is Fun Forum

mathxyz

Member

From: Brooklyn, NY

Registered: 2024-02-24

Posts: 1,053

Profit Equation

The profit equation is given as

P = R - C, where P is profit, R is revenue and C is cost.

I really don't understand much about business mathematics.

Can someone explain what the profit equation actually means and how to use it by providing a real life word problem?

Bob

Administrator

Registered: 2010-06-20

Posts: 10,623

Re: Profit Equation

A shopkeeper buys an item for C it sells it for R.

Their profit is the difference.

Bob

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Children are not defined by school ...........The Fonz
You cannot teach a man anything;  you can only help him find it within himself..........Galileo Galilei
Sometimes I deliberately make mistakes, just to test you!  …………….Bob

mathxyz

Member

From: Brooklyn, NY

Registered: 2024-02-24

Posts: 1,053

Re: Profit Equation

A shopkeeper buys an item for C it sells it for R.

Their profit is the difference.

Bob

Can you give me a real life example using money? Sorry for the dumb question but I really want to understand this stuff.