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What is difference between profit, revenue?

Answer Posted / vanadhi ramasami

Revenue is the nominal item that arises due to a sale of
product or service whereas profit is the gain that arised
due to such a sale,i.e. the revenue exceeds original cost
of the product sold.

eg, Cost of a bag=Rs.500
Sale price of the bag=Rs.600
Revenue= Rs.600
Profit=(600-500)=Rs.100

Is This Answer Correct ?    3 Yes 4 No



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