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Q: How do you calculate profit and loss in microeconomics?
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How do I calculate simple profit and loss?

Profit or loss = income - expenses. A positive number is profit, a negative number is loss.


What is the formula for calculating loss?

You calculate loss the same as you would do profit income minus expenses (outgoings) = profit/loss If the answer is negative then you are making a loss, if the answer is positive then you are making a profit.


What is the difference between profit and loss account and profit and loss appropiation account?

Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.


Which account you in 3 net loss?

The profit and loss account is the account that can be used to calculate the net loss.


How do you calculate net profit margin if there is net loss?

The Gross Profit Margin = Gross Profit/Revenue*100 regardless of weather the Gross Profit is positive or negative (a loss). Therefor, it is acceptable to have a negative Gross Profit Margin.


Microeconomic factors affecting profit making firms?

i dont know what does profit affect microeconomics


How do you calculate accounts up to profit an d loss?

purchese amount 100


How do you calculate profit loss?

The basic equation goes: Gross Revenues - (Operational Costs + Cost of Goods Sold + Payroll + Depreciation/Amortization + Taxes) = Profit or (Loss)


How do you calculate total revenue in microeconomics?

Tr=p.q


Why profit and loss account is called as profit and loss account and why not profit or loss account?

Tradition, and the need to call it something.


Do provisions for loan loss go in the balance sheet or profit and loss?

Profit and Loss.


How do I Find the incremental profit or loss?

The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.