http://www.kenniffonline.com/we-net-profits/
How to calculate the net gain of a restaurant business?
I know there are many ways to achieve that result, but I like finding the system latest
Total all your income. Total Cost of all goods. Subtract Cost of products revenue. The result is gross profit. Total all operating expenses. Subtract from your gross profit. VIOLA! NET PROFIT. Everything you eat or take home is a shortage. That could be considered as part of net profit. EH!
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