the difference between revenue, gross profit and nett profit in business
In: Other
You have a business selling lemonade and you hire a 6 year old to man the table for you
Revenue = total dollars of lemonade sold by the 6 year old
Gross profit = total lemonade sales – cost of lemons/water/sugar/cups/ice
Net profit = total lemonade sales – cost of lemons/water/sugar/cups/ice – amount you paid 6 year old for working
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