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Profit is best described as a.

a gain in material items or money after any type of transaction. c...

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Profit is best described as a.

a gain in material items or money after any type of transaction.
c.
a monetary loss after a transaction.
b. a monetary gain that occurs as the result of a transaction.
d.
the term used to describe an equal trade in goods or services.

Answer

Profit is a gain after any type of transaction.
for example, if you buy a cup for $5 and sold it later on for $10, then the profit that you gained after your transaction of selling the cup is $5.
All I did here is subtract 10$ to 5$ because you bought the cup at a cost of $5

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 50 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 389 views.

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