Ayushi posted an Question
August 13, 2020 • 18:19 pm 30 points
  • UGC NET
  • Economics

43. net profit is equal to (total revenue - (total cost + depreciation) (2) gross profit implicit costs 3) gross profit - explicit costs (4) total revenue total

43. Net profit is equal to (Total revenue - (Total cost + Depreciation) (2) Gross profit Implicit costs 3) Gross profit - Explicit costs (4) Total revenue Total cost

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    Nidhi taparia best-answer

    Option (1) is indeed right. In fact, Net profit = Total revenue - Total costs - (depreciation + amortization + interest etc). Gross profit on the other hand is, total revenue - total costs.

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