Answer:
A. P, the price charged to customers, minus C, the company's costs.
Explanation:
The profit of an organization is the net of two basic elements; the revenue or sales made which is determined by the price charged to the company's customers and the cost incurred in the course of rendering the service or making the goods available to such customers.
The net of these two elements gives the profit or loss of the organization. Profits are made where the sales are more than the costs and the reverse. A loss is made where the costs are more than the sales.
Hence, company's profit formula consists of the following basic elements:P, the price charged to customers, minus C, the company's costs.
