Profitis the positive financial gain your business experiences after subtracting all expenses from the revenue generated.
The formula for profit calculation is straightforward:
Profit = Revenue - Costs
Revenue: ₹15,000
Cost: ₹12,000
Profit: ₹3,000
Revenue: ₹12,000
Cost: ₹8,000
Profit: ₹4,000
Revenue: ₹10,000
Cost: ₹7,000
Profit: ₹3,000