Profit equals the total amount of money made minus the production cost. the opportunity cost. the revenue earned. the price established.

Answer

Production cost

Explanation

Profit is the gain in a financial transaction calculated by finding the difference between the money earned and the money used in operation. A profit occurs when the total costs are deducted from the total revenue earned. A profit is acquired when the revenue exceeds the expenses, taxes and cost of running the business activity.

Profit equals the total amount of money made minus the production cost. When you sell an item, you have to put money into the cost of producing the item. After the item is produced you then sell the product at your selling price. From the selling price if you subtract the production cost you are able to find the profit you made off the item.

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