Gross profit is calculated by subtracting the cost of goods sold (COGS) from total revenue. Net income is the total profit after all expenses, including taxes and interest, are deducted.

Calculate the gross profit percentage by using Excel's division operator. Continuing with the example above, if your gross profit is in cell C3, type the formula "=C3/B1" to calculate the percentage.

Out of that N10,000 sale, he only has N5,000 left as gross profit before considering other costs like packaging, marketing, and taxes. By the time he has factored in everything, his actual net ...

Gross profit increased 30% to $5.9 million in 2024, compared to $4.5 million in 2023. Net loss was ($10.8) million in 2024, compared to a net loss of ($1.2) million in 2023.