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Mandeep Singh

· started a discussion

· 1 Months ago

Net Profit (Question: 190359.0 )

Economic Profit or Normal Profit is as same as Net Profit
Ans: (C)

Question:
Economic profit or normal profit is as same as –
Options:
A) Optimum Profit
B) Maximum Profit 
C) Net Profit
D) Accounting Profit 
Solution:
Ans: (c) 

Normal profit- is the minimum level of profit needed for a company to remain competitive in the market.

An economic profit - or loss is the difference between the revenue received from the sale of an output and the opportunity cost of the inputs used.

Net profit- The profit of a company after operating expenses and all other charges including taxes, interest and depreciation have been deducted.

Knowledge Expert

· commented

· 1 Months ago

Economic profit or normal profit is as same as Accounting Profit
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