A profit calculator is a tool used to determine the profit earned from selling goods or services. Here are the steps to use a profit calculator:

1. Determine the total revenue earned from the sale of goods or services. This can be the total amount of money received from customers for the products or services sold.
2. Determine the total cost incurred to produce and sell the goods or services. This includes the cost of materials, labor, overhead, and other expenses associated with production and sales.
3. Subtract the total cost from the total revenue to determine the profit earned.

Here’s an example to illustrate how to use a profit calculator:

Suppose a company sold 500 units of a product for $20 each, and the total cost to produce and sell the product was $7,500. To calculate the profit earned from the sale of the product, you would follow these steps:

1. Determine the total revenue earned: $20 x 500 units = $10,000
2. Determine the total cost incurred: $7,500
3. Subtract the total cost from the total revenue to determine the profit earned: $10,000 – $7,500 = $2,500

Therefore, the profit earned from the sale of the product is $2,500.