Answer :
Profit equals the total amount of money made minus expenses.
What is a profit?
Profit can be best defined as gain, especially when achieved by increasing the price of goods.
Here, the money paid by consumers outweighs the cost to the producer, leaving a sizeable return on what has been paid out.
Once expenses and costs have been covered, profit is the money left over.
Hence, profit equals the total amount of money made minus expenses.
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The profit equivalent to the total money made less expenses.
Option A is correct.
What is revenue?
Revenue is the amount being received to the company after deducting charges incurred. It could be derived from the statement of profit or loss.
When a company incurs cost on the production of goods or services for the consumers, then the cost spent is to be treated as expenses. It is also called as charges. The amount made by a company is called as sales revenue. When the profit is received to the company, then it is actually the difference of what has been made by company and what has been spent by company.
Therefore, the correct option is written in option A.
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