Gross Profit is the profit a business makes after subtracting the costs to produce the product.
Revenue - Cost of Goods Sold = Gross Profit
Gross profit helps the business assess the efficiency of using labor and materials to produce their goods.
If you are running a business you must understand the numbers.
Revenue - Cost of Goods Sold = Gross Profit
Gross profit helps the business assess the efficiency of using labor and materials to produce their goods.
If you are running a business you must understand the numbers.
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