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Textbook ExpertVerified Tutor
27 Oct 2021

Introduction

Every business is operated on the basis of profits, as it is the lifeblood of the business. Profits are calculated after all the payments of the business are subtracted by the total earnings of the business. If the earnings are more, then it is a profit for the business, but if the expenditures are more, then it is a loss for the business.

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