Speak with confidence at your next financial meeting by calculating your gross profit with Microsoft Excel. Excel provides several built-in functions and operators to calculate total cost, revenue ...

Economists consider the relationship between total revenue profits and total costs when calculating the overall value of a business venture. Total cost calculations provide a method for ...

Key Points Learn to calculate total expenses by subtracting net income from total revenue. Net income is found by adjusting owners' equity for profits, losses, and capital changes.

Accounting profit is the profit after costs and expenses are subtracted from total revenue while economic profit factors in opportunity costs.

Understand net income: its definition, calculation method, and its critical role in business decisions and tax reporting.

(Net sales – Cost of goods sold) / Net sales = Gross profit margin “Net sales” refers to your total revenue from sales after subtracting discounts and returns.

Net income as a percentage of revenue is known as the net profit margin, and it can be useful for businesses to know.