### Break Down the Problem
1. Identify key figures:
- Profit = $24 million
- Revenues = $210 million
- Costs = ?

### Relevant Concepts
2. Use the formula for profit:
$$
\text{Profit} = \text{Revenues} - \text{Costs}
$$
Rearranging this gives:
$$
\text{Costs} = \text{Revenues} - \text{Profit}
$$

### Analysis and Detail
3. Substitute the known values into the equation:
$$
\text{Costs} = 210 \text{ million} - 24 \text{ million}
$$

### Verify and Summarize
4. Perform the calculation:
$$
\text{Costs} = 210 - 24 = 186 \text{ million}
$$

### Final Answer
The costs are $186 million.

Question

### Break Down the Problem
1. Identify key figures:
   - Profit = $24 million
   - Revenues = $210 million
   - Costs = ?

### Relevant Concepts
2. Use the formula for profit:
   $$
   \text{Profit} = \text{Revenues} - \text{Costs}
   $$
   Rearranging this gives:
   $$
   \text{Costs} = \text{Revenues} - \text{Profit}
   $$

### Analysis and Detail
3. Substitute the known values into the equation:
   $$
   \text{Costs} = 210 \text{ million} - 24 \text{ million}
   $$

### Verify and Summarize
4. Perform the calculation:
   $$
   \text{Costs} = 210 - 24 = 186 \text{ million}
   $$

### Final Answer
The costs are $186 million.

Knowee AI · Accepted Answer

### Break Down the Problem
1. Identify key figures:
   - Profit = $24 million
   - Revenues = $210 million
   - Costs = ?

### Relevant Concepts
2. Use the formula for profit:
   $$
   \text{Profit} = \text{Revenues} - \text{Costs}
   $$
   Rearranging this gives:
   $$
   \text{Costs} = \text{Revenues} - \text{Profit}
   $$

### Analysis and Detail
3. Substitute the known values into the equation:
   $$
   \text{Costs} = 210 \text{ million} - 24 \text{ million}
   $$

### Verify and Summarize
4. Perform the calculation:
   $$
   \text{Costs} = 210 - 24 = 186 \text{ million}
   $$

### Final Answer
The costs are $186 million.

If a firm reports $24 million in profit on revenues of $210 million, its costs are $ million. (Insert a number.)

Question

If a firm reports $24 million in profit on revenues of$ 210 million, its costs are $ million. (Insert a number.)

Solution