Calculating Income, Expenses and Profit

Tiago
Administrator

Posts: 530

Calculating Income, Expenses and Profit Mar 11, 2020 15:20:20 GMT

Quote

The formula for calculating income, expenses and profit is:

Income - Expenses = Profit

And from this point you can say that:

I=Income

E=Expenses

P=Profit

So what you get is:

I-E=P

And this formula can be transformed into:

I=P+E

Or...

E=I-P

So you end up with all formulas related to: Income - Expenses = Profit.

Last Edit: Mar 11, 2020 15:41:00 GMT by Tiago: Income - Expenses = Profit, not Capital

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