What’s the main difference between revenue and profits, how important it is to know the difference between the two?
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What’s the main difference between revenue and profits, how important it is to know the difference between the two?
Revenue is the total income generated from a business and investment, where as profit is the net income generated form a business and investment. Profit is total revenue minus total expenses. For instance, if your made $100 by selling your product, and if you had invested $20 to create the product,Read more
Revenue is the total income generated from a business and investment, where as profit is the net income generated form a business and investment. Profit is total revenue minus total expenses. For instance, if your made $100 by selling your product, and if you had invested $20 to create the product, $10 to ship the product, and $20 to market the product, your expenses will be $50, so when you deduct expenses from your sales, you get net profit
See lessRevenue refers to the total income generated from sales of goods or services. Profits, on the other hand, are the financial gains realized after subtracting all expenses, including costs of goods sold, operating expenses, taxes, and interest, from the revenue. In simpler terms, revenue is the top liRead more
Revenue refers to the total income generated from sales of goods or services. Profits, on the other hand, are the financial gains realized after subtracting all expenses, including costs of goods sold, operating expenses, taxes, and interest, from the revenue. In simpler terms, revenue is the top line, while profits are what’s left after all expenses are deducted.
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