Question

A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter only one word per blank.)

Answer 1

Answer:

Profit

Explanation:

The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.

In the question, the amount consumed or spent to make the product = $3,000

The amount for which the product was sold = $ 4,000

The profit = 4,000 - 3,000 = $1,000.