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Alias Born | 08/19/2009 |
Saturday, January 13, 2018 6:26:15 PM
GROSS PROFIT IS NOT ACTUAL PROFIT!
If a company sells 100 cans of sardines for $1.25/each that they bought for $1/each... their gross profit is $25. If their shipping cost is $100, THEY LOST $75!
Gross profit is irrelevant if costs exceed the gross profit!
Finance 101...
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