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What Equation Shows Organizations the Relationship Between Price and Profit

Question 131

Multiple Choice

What equation shows organizations the relationship between price and profit?


A) Total Variable Costs + Total Fixed Costs = Sales − Profit
B) Price = Profit per Item × Number of Units Sold
C) (Price × Quantity Sold) − Total Costs = Profits
D) (Price − Profits) × Total Costs = Sales
E) Total Costs = (Price × Quantity Sold) − Profits

Correct Answer:

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