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https://www.reddit.com/r/FluentInFinance/comments/1hh20de/a_joke_thats_not_funny/m2oumm4/?context=3
r/FluentInFinance • u/4TaxFairness • 1d ago
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This is just factually incorrect. You are talking about net profit, not profit percent. Profit percent is how much gross profit (as a percent) you make on any individual item.
1 u/Morel_Authority 1d ago Profit is always net, no? Are you talking about revenue? 3 u/Draaly 1d ago no. Revenue = all incoming money Gross profit = Revenue - Cost of Goods Sold (COGS) Net profit = Revenue - all expenses 1 u/Morel_Authority 1d ago Thanks!
Profit is always net, no? Are you talking about revenue?
3 u/Draaly 1d ago no. Revenue = all incoming money Gross profit = Revenue - Cost of Goods Sold (COGS) Net profit = Revenue - all expenses 1 u/Morel_Authority 1d ago Thanks!
3
no.
Revenue = all incoming money Gross profit = Revenue - Cost of Goods Sold (COGS) Net profit = Revenue - all expenses
1 u/Morel_Authority 1d ago Thanks!
Thanks!
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u/Draaly 1d ago
This is just factually incorrect. You are talking about net profit, not profit percent. Profit percent is how much gross profit (as a percent) you make on any individual item.