After revenue has been used to cover the cost of production, profit is the remaining income. The difference between total revenue and total cost, as defined by the Dummies website, is the difference ...

Loss is represented on a break-even graph as anything below the break-even point. Loss is displayed as the shaded area between the revenue and total cost lines, below the BEP. On the below example ...

In this case, revenue = £256 × 25 = £6,400 A cost is anything that a business ... their total costs would be £18,500 + £9,250 = £27,750. Profit is commonly the main motivator for investment ...

Gross profit is calculated on a company's income statement by subtracting the cost of goods sold (COGS) from total revenue. Gross profit differs from operating profit which is calculated by ...

Implicit costs are revenue ... of profit. These costs are in contrast to explicit costs, which represent expenses paid by a company in the course of business. An example of an implicit cost ...