describe how to calculate net profit please help?
2007-10-04 07:26:42 · 4 answers · asked by james n 1 in Business & Finance ➔ Other - Business & Finance
Revenue - Costs = gross profit
Revenue - Costs - Taxes = net profit
2007-10-04 07:35:21 · answer #1 · answered by Baccheus 7 · 0⤊ 0⤋
if you deduct all your outgoings from your incomings what you are left with is net profit eg if you sold 10 jumpers for £10 each = £100 but it cost you £7 each to make them = £70 - £100-£70 = £30 net profit.
2007-10-04 07:34:10 · answer #2 · answered by Empeedee 3 · 0⤊ 0⤋
Revenue ( sales ) Minus costs ( labor , supplies , operating expenses ) = net profit
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2007-10-04 07:30:47 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Subtract the money that I cost me to do business for the month from the money I made that month.
I am sure a CPA may have other ideas--but it works for me.
2007-10-04 07:36:34 · answer #4 · answered by Fred F 7 · 0⤊ 0⤋