What Equation Shows Organizations the Relationship Between Price and Profit

question 131

Multiple Choice

What equation shows organizations the relationship between price and profit?

• A) Total Variable Costs + Total Fixed Costs = Sales − Profit
• B) Price = Profit per Item × Number of Units Sold
• C) (Price × Quantity Sold) − Total Costs = Profits
• D) (Price − Profits) × Total Costs = Sales
• E) Total Costs = (Price × Quantity Sold) − Profits

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