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0450-20-M-J-12-4a
Hadia
TOPIC QUESTION - PAPER 1
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Hadia
March 12, 2026 at 11:59:38 AM
May/June 2022
Version 3
1.0 Understanding Business Activity
1.1 Business Activity
YOUR ANSWER
Profit is the amount remaining after total costs have been taken out from the Revenue of a business. Profit = Sales Revenue - Total costs.
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