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Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc. Check FAQs
Tc=TR-P
Tc - Total Cost?TR - Total Revenue?P - Cost of Profit?

Total Cost given Profit Example

With values
With units
Only example

Here is how the Total Cost given Profit equation looks like with Values.

Here is how the Total Cost given Profit equation looks like with Units.

Here is how the Total Cost given Profit equation looks like.

3500Edit=4000Edit-500Edit
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HomeIcon Home » Category Engineering » Category Civil » Category Construction Practice, Planning and Management » fx Total Cost given Profit

Total Cost given Profit Solution

Follow our step by step solution on how to calculate Total Cost given Profit?

FIRST Step Consider the formula
Tc=TR-P
Next Step Substitute values of Variables
∴ Tc=4000-500
Next Step Prepare to Evaluate
∴ Tc=4000-500
LAST Step Evaluate
∴Tc=3500

Total Cost given Profit Formula Elements

Variables
Total Cost
Total Cost refers to the cost of equipment at sight, which includes the unloading and loading charges etc.
Symbol: Tc
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total CostOpen Variable
Total Revenue
Total Revenue is the total receipts a seller can obtain from selling goods or services to buyers.
Symbol: TR
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total RevenueOpen Variable
Cost of Profit
Cost of Profit in accounting is an income distributed to the owner in a profitable market production process.
Symbol: P
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Cost of ProfitOpen Variable

Other Formulas to find Total Cost

​Go Total Cost
Tc=FC+TVC

Other formulas in Economics of Project Management category

​Go Fixed Cost
FC=Tc-TVC
​Go Total Variable Cost
TVC=Tc-FC
​Go Profit for Total Expenses
P=TR-(FC+TVC)
​Go Total Revenue
TR=P+(FC+TVC)

How to Evaluate Total Cost given Profit?

Total Cost given Profit evaluator uses Total Cost = Total Revenue-Cost of Profit to evaluate 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 evaluate Total Cost given Profit using this online evaluator? To use this online evaluator for Total Cost given Profit, enter Total Revenue (TR) & Cost of Profit (P) and hit the calculate button.

FAQs on Total Cost given Profit

What is the formula to find Total Cost given Profit?
The formula of Total Cost given Profit is expressed as Total Cost = Total Revenue-Cost of Profit. Here is an example- 3500 = 4000-500.
How to calculate Total Cost given Profit?
With Total Revenue (TR) & Cost of Profit (P) we can find Total Cost given Profit using the formula - Total Cost = Total Revenue-Cost of Profit.
What are the other ways to Calculate Total Cost?
Here are the different ways to Calculate Total Cost-
  • Total Cost=Fixed Cost+Total Variable CostOpenImg
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