A firm earns a revenue of Rs.21,000 and the expenses to earn this revenue are Rs.15,000.Calculate its income.

Open in App

Solution

Income=Revenue-Expense

=21,000-15,000=Rs.6,000

Suggest Corrections

Similar questions

A firm earns a revenue of Rs. 50 when the market price of a good is Rs. 10. The market price increases to Rs. 15 and the firm now earns a revenue of Rs. 150. What is the price elasticity of the firm's supply curve?

A firm earns a revenue of Rs 50 when the market price of a good is Rs 10. The market price increase to Rs 15 and the firm now earns a revenue of Rs 150. What is the price elasticity of the firm’s supply curve?

A firm earns a revenue of Rs 60 when the price is Rs 10. When the price increases to Rs 15, the revenue becomes Rs 120. What is the elasticity of supply?

Q. Calculate operating profit:
operating revenue = Rs. 10,000,000; COGS = Rs. 4,000,000; general and administrative expenses = Rs. 3,000,000; interest expense= Rs. 4,000,000; and income taxes = 900,000.

Q. Operating profit earned by M/s Arora & Sachdeva in 2005-06 was Rs 17,00,000.

Its Non-operating incomes were Rs 1,50,000 and Non-operating expenses were Rs. 3,75,000.

Calculate the amount of net profit earned by the firm.

Join BYJU'S Learning Program

A firm earns a revenue of Rs.21,000 and the expenses to earn this revenue are Rs.15,000.Calculate its income.

Income=Revenue-Expense =21,000-15,000=Rs.6,000

Income=Revenue-Expense

=21,000-15,000=Rs.6,000