In this tutorial for A level Business students, we examine how to calculate profit and what firms use their profit for. Profit is a topic on the new A level syllabus for Edexcel, OCR and AQA. TakingTheBiz is a channel dedicated to A level Business revision. See more of our videos: http://www.youtube.com/c/TakingTheBiz?sub_confirmation=1 Stay in touch with TakingTheBiz via social media: Facebook: https://www.facebook.com/TakingTheBiz/ Twitter: https://twitter.com/TakingTheBiz Instagram: https://www.instagram.com/takingthebiz/ DISCLAIMER: The equation for calculating profit can vary slightly between different exam boards, so be sure to research the exact formula you will be required to use.