The formulas used in the calculations are:
\[ \text{profit} = \text{price} - \text{cost} \]
\[ \text{total profit} = \text{revenue} - \text{total cost} \]
or expressed differently
\[ \text{total profit} = \text{unit price} \times \text{quantity} - \text{unit cost} \times \text{quantity} \]
This calculator computes the profit based on the input values of unit price, unit cost, and quantity. Profit represents the financial gain obtained when the revenue generated from selling a product exceeds the costs associated with producing or purchasing the product.
Let's assume the following:
Calculate the Total Profit:
\[ \text{total profit} = (\text{unit price} - \text{unit cost}) \times \text{quantity} = (50 - 30) \times 100 = 20 \times 100 = 2000 \]
Therefore, the Total Profit is $2,000.
