Answer :

destinyhumphrey
profit. If you're succeeding in a business, you have a profit. the higher your profit, the better your business is doing. profit is the amount of money earned minus the amount required for materials for the business. hope that helped.
marvineetesh3

Profits is the term used when Someone is succeeding in his business.It is used when the expenses are less in comparison to its income.

What is profits?

  • In accounting, profit is the surplus of total revenue over total cost during a particular period of time.

  • In economics, profit is the surplus over the returns to capital, land, and labor(Factors of production).

  • It explains the financial benefit gained when revenue created from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question.

  • Any profits earned, it is conoid back to business proprietors, who choose to either pocket the cash or reinvest it back into the business.

  • It is the term used in all profit making organizations or in businesses.

Formula for computation profit:

[tex]\text{Total Revenue}-\text{Total Expenses}= \text{Profit}[/tex]

Therefore, someone who is succeeding in his business by his efforts is making profit.

Learn more about profit, refer:

https://brainly.com/question/1494270

Other Questions