10-31-2003, 12:38 PM
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Confirmed User
Industry Role:
Join Date: May 2002
Location: Toronto, Canada
Posts: 5,599
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Quote:
Originally posted by punkworld
Made: total revenue
Made after expenses in raw materials (that is, the cost of what you are selling): gross profit
Made after all expenses: net profit
So, for instance, you sell books for $25 each. That's your total revenue on them.
However, you buy them for $10 each, so your gross profit per book is only $15.
But wait... you need an office, a phone, a company car, etc, and you have to pay your taxes ofcourse. Let's say that averages out on $10 a book. Then, your net profit is $5 per book.
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i think its time for that course ;) DAMN.. maybe give up the chronic as well!
Thanks! |
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