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Answer Posted / vanadhi ramasami
Revenue is the nominal item that arises due to a sale of
product or service whereas profit is the gain that arised
due to such a sale,i.e. the revenue exceeds original cost
of the product sold.
eg, Cost of a bag=Rs.500
Sale price of the bag=Rs.600
Revenue= Rs.600
Profit=(600-500)=Rs.100
| Is This Answer Correct ? | 3 Yes | 4 No |
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