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A lot of people get these mixed up…

If my can of Coke cost me a dollar, and I sell it for $3, my gross profit is $2. Now, there's employees, there's rent, there's electricity, whatever, but you just say like the gross profit is two bucks.

Watch on YouTube A lot of people get these mixed up…

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  1. 0:00
    Abschnitt 1 If my can of Coke cost me a dollar, and I sell it for $3, my gross profit is $2.

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Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

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0:00If my can of Coke cost me a dollar, and I sell it for $3, my gross profit is $2. Now, there's employees, there's rent, there's electricity, whatever, but you just say like the gross profit is two bucks. Is That's what it the price of what it got sold for, this is the price of the thing, the gross profit is this. The net profit is after you account for everything else, what's left over.