Excel offers a very interesting way to calculate profit. We can cater to this problem statement by subtracting cost from revenue. We can perform the below mentioned way to calculate profit in excel:
We’ll learn about this methodology step by step.
To do this yourself, please follow the steps described below;
Step 1 – Excel workbook with revenue and cost
– Open the desired Excel workbook which contains revenue and cost
Step 2 – Formula applied
– Now subtract the cost from revenue as shown in the image above
Step 3 – Profit calculated
– We can see that the profit has been calculated.