CLEAR
Toprankers-Info

+91 7676564400

Mobile App

Get it on Google Play
Discussions
Select Date
Tags:

Articles

Discussions
Submit Discussion
Sushmit Kammili

· started a discussion

· 1 Months ago

Open challenge to paramount . (Question: 190359.0 )

accounting profit: revenue - explicits cost
economic profit:revenue - explicit costs -implicit costs
Fix the issue and pls donot copy paste questions randomly which may lead to this kind of error.Google it if needed.

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

Dear Student,

Net profit is the required answer. We have resolved it.

Hope you have a great learning with us!!

All the Best,
Team Toprankers
-logo
We at aim to provide most comprehensive content & test for practice which is carefully divided into various chapters and topics to help you focus on your weak areas.Our Practice mock test gives you unmatched analytics to help you realize your strong areas,time management and improvement areas.Our Short & Crisp notes on each topic will help you to quickly revise the topic along with the tips & tricks of the exams.
More About
-Info
-Info

Mobile App

Get it on Google Play
About Us Campus Ambassador Careers Contact Us Refund Policy

All Rights Reserved Top Rankers

User Policy
Disclaimer
Terms & Conditions