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Profit

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Length: 11 pages4 minutes

Summary

Profit is the excess of selling price over cost price. Profit is the difference between the amount earned (selling price) and the amount spent (cost price). Profit making is the main motive for engaging in any business.

It is in this lucid manner that this book will teach you profit.

It clearly explains the different types of profit. They are gross profit and net profit. It shows you how to calculate the gross profit and the net profit.

It analyzes the turnover of a business. It shows you how to calculate the turnover and the rate of turnover.

And it explores, in a lucid manner, the factors that influence the rate of turnover of business units.

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