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Buy a car for £1,000, redo it for £200 then sell it for £1500

You will have made a profit if your other costs are less than £300

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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.


What does a negative profit mean?

Negative profit is profit realized from effective loss prevention. For example, A company introduces a new procedure that reduces loss by 5%. This 5% is actually profit that would not have been realized if it had not been for the procedure being implemented yet it still contributes to the companies overall profit.


Why is there a difference between net and gross profit?

Gross profit is the total amount of money that you get. And net profit is the amount left after you subtract your costs. For example, if you sold a toy on Ebay for 100.oo dollars. Your gross profit would be 100. You spent 30 dollars on the items and 6 dollars to list on ebay. subtract your expenses from you gross profit and then that is your NET Profit.


What are the example for Finance cost in profit and loss account or income statement?

Interest on Loan


Tax that you pay when making a profit from selling a house is an example of?

The tax paid on profit from selling a house is an example of capital gains tax. This tax is levied on the profit realized from the sale of an asset, such as real estate, when it is sold for more than its purchase price. Depending on the holding period and local tax laws, the rate of capital gains tax may vary.

Related Questions

What is a math example of profit?

$100 payment - $80 costs = $20 profit


What is an example of a not for profit organization?

AnswerNot for profit organizations are those that do not exist for profit. Examples are churches and the Red Cross.


Is Loss of profit is an example of liquidate damages?

No


Loss of profit is not an example of liquidated damages?

NO


Identify one example of a cost center a profit center and an investment center for fedex?

Give me an example of a cost center, a profit center, and an investment center for FedEx?


Why Profit Maximisation is the main objective of a firm Discuss this statement with the help of an example?

1. Profit Maximisation is the main objective of a firm" Discuss this statement with the help of an example.


What is a not for profit orginizarion?

one example of a not for profit organization could be a private school such as Tiffin University. Another example is some hospice programs such as community hospice in tiffin ohio.


Briefly discuss Profit with the help of example?

The positive difference between revenues and cost is called profit and is claimed by the entrepreneur.


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.


What is an example of of a deposit of hematite that can be mined at a profit?

The Iron Mountain mine in California is an example of a hematite deposit that has been successfully mined for profit. The mine has produced large quantities of high-grade hematite ore, which is processed to extract iron for commercial use.


To make a profit while benefiting humanity is an example of a mission statement that?

"To make a profit while benefiting humanity is an example of a mission statement that" is a mission statement that is both capitalist and socialist in nature.


Example of how to find the net profit margin?

gross income minus expences = net profit. happy accounting David G.