finding net profit

finding net profit

To invest in something when income comes in There must be expenses accordingly. When it trades well, it will make a profit. If it's not sold out, the products are left in a heap. make us lose because the income is not worth the investment expenses

To sum it up, it's understandable.

Income = money we earn

Expenditure = money we spend/invest

Profit = more income than expenses

Loss = expenses greater than income

There is a simple calculation method (income - expenses = profit / loss), but not just this. Because of the open trade Of course, there will be expenses later. no matter the cost of electricity Venue rental advertising expenses Therefore, there must be a net profit calculation (income - expenses = net profit).

How to sell stuff without losing money

- Taking into account the cost of manufacturing the product

- Calculate advertising cost Additional service fees

- Taking into account the rental fee, location cost

- Calculate salary

- Calculate other expenses roughly

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