Total Cost given Profit Solution

STEP 0: Pre-Calculation Summary
Formula Used
Total Cost = Total Revenue-Cost of Profit
Tc = TR-P
This formula uses 3 Variables
Variables Used
Total Cost - Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.
Total Revenue - Total Revenue is the total receipts a seller can obtain from selling goods or services to buyers.
Cost of Profit - Cost of Profit in accounting is an income distributed to the owner in a profitable market production process.
STEP 1: Convert Input(s) to Base Unit
Total Revenue: 4000 --> No Conversion Required
Cost of Profit: 500 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
Tc = TR-P --> 4000-500
Evaluating ... ...
Tc = 3500
STEP 3: Convert Result to Output's Unit
3500 --> No Conversion Required
FINAL ANSWER
3500 <-- Total Cost
(Calculation completed in 00.004 seconds)

Credits

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NSS College of Engineering (NSSCE), Palakkad
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9 Economics of Project Management Calculators

Selling Price
Go Selling Price = (Fixed Cost+Variable Cost per Unit*Volume of Output)/Volume of Output
Volume of Output
Go Volume of Output = Fixed Cost/(Selling Price-Variable Cost per Unit)
Profit for Total Expenses
Go Cost of Profit = Total Revenue-(Fixed Cost+Total Variable Cost)
Total Revenue
Go Total Revenue = Cost of Profit+(Fixed Cost+Total Variable Cost)
Contribution per Unit
Go Contribution Margin per Unit = Selling Price-Variable Cost per Unit
Total Variable Cost
Go Total Variable Cost = Total Cost-Fixed Cost
Total Cost
Go Total Cost = Fixed Cost+Total Variable Cost
Fixed Cost
Go Fixed Cost = Total Cost-Total Variable Cost
Total Cost given Profit
Go Total Cost = Total Revenue-Cost of Profit

Total Cost given Profit Formula

Total Cost = Total Revenue-Cost of Profit
Tc = TR-P

What are the two categories of Construction Economic Problems?

Economic studies are concerned with the difference in economic results from alternative courses of action. In general, we can classify construction economic problems into the following two types.
1 Primary economic comparison: It implies all the factors influencing the decision are already present. The effects of time are usually irrelevant. It can be further subdivided into two types:
i. Present Economic Studies
ii. Break-even analysis
2 Time-based studies: Time-based studies deal with cash flow forecasting and investment appraisal.

What is the Cost & type of Profits?

Cost is typically the expense incurred for making a product or service that is sold by a company. Price is the amount a customer is willing to pay for a product or service. The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.
Businesses use three types of profit to examine different areas of their companies. They are gross profit, operating profit, and net profit.
Gross Profit: Gross profit subtracts the cost of goods sold (COGS) from total sales.
Operating Profit: Operating profit includes both variable and fixed costs.
Net Profit: Net profit includes all costs. It's the most accurate representation of how much money the business is making.

How to Calculate Total Cost given Profit?

Total Cost given Profit calculator uses Total Cost = Total Revenue-Cost of Profit to calculate the Total Cost, The Total Cost given Profit formula is defined as it relates revenue and profit of the product. Since total cost is a summation of fixed cost and total variable cost, the total cost can also be termed TR-profit. Total Cost is denoted by Tc symbol.

How to calculate Total Cost given Profit using this online calculator? To use this online calculator for Total Cost given Profit, enter Total Revenue (TR) & Cost of Profit (P) and hit the calculate button. Here is how the Total Cost given Profit calculation can be explained with given input values -> 3500 = 4000-500.

FAQ

What is Total Cost given Profit?
The Total Cost given Profit formula is defined as it relates revenue and profit of the product. Since total cost is a summation of fixed cost and total variable cost, the total cost can also be termed TR-profit and is represented as Tc = TR-P or Total Cost = Total Revenue-Cost of Profit. Total Revenue is the total receipts a seller can obtain from selling goods or services to buyers & Cost of Profit in accounting is an income distributed to the owner in a profitable market production process.
How to calculate Total Cost given Profit?
The Total Cost given Profit formula is defined as it relates revenue and profit of the product. Since total cost is a summation of fixed cost and total variable cost, the total cost can also be termed TR-profit is calculated using Total Cost = Total Revenue-Cost of Profit. To calculate Total Cost given Profit, you need Total Revenue (TR) & Cost of Profit (P). With our tool, you need to enter the respective value for Total Revenue & Cost of Profit and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
How many ways are there to calculate Total Cost?
In this formula, Total Cost uses Total Revenue & Cost of Profit. We can use 1 other way(s) to calculate the same, which is/are as follows -
  • Total Cost = Fixed Cost+Total Variable Cost
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