Profit made by girls scout is $10
Cost price of cookies= $1.50
Selling price of cookies= $2
Total number of boxes sold= 20
Cost of 20 boxes= 20×1.50
= 30
Selling price of 20 boxes = 20×2
= 40
Profit made by girls' scout= selling price- cost price
= 40-30
Profit = $10
Profit- In accounting, profit is an income distributed to the owner as a result of a profitable market production process. Profit is a measure of profitability that is the primary interest of the owner in the income-formation process of market production. There are several profit measures that are commonly used.
How do you determine profit?
Profit is defined as revenue less expenses. You deduct some expenses from gross profit. Net profit is calculated by deducting all expenses. Gross profits and operating profits are the first steps toward net profits.
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