Examlex
Which of the following equations is correct?
Net Profit
Net profit, also known as net income, is the amount of earnings remaining after all expenses, taxes, and costs have been subtracted from total revenues.
Variable Costs
Costs that vary in direct proportion to changes in the level of activity or production volume.
Breakeven Equation
A calculation representing the point at which total costs equal total revenue, indicating that a business neither makes profit nor incurs loss.
Selling Price
The amount at which a product or service is sold to customers, determined by factors like cost, demand, and market competition.
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