Some of you will ask alot of questions about this topic but your new expert financial is going to help you find the answer
As usually we purchase goods and services from any factory or retailers a convenient price then we top up a price to sell it in order to benefit it from
For example I purchased 100,000,000 litters of gas from the factory which is $10,000,000. Each litter costs $0.1
So I decided to sell it a $1 below is a customer who consumed some gas
So is this amount your profit? No its not your purchased price is in it but here is how to find it.
My purchased price by each litter was $0.1 so am going to multiply it the quantity I sold then am going to subtract it from the amount.
Here is a full inventory
In the next articles we will see list of different goods and services with different tools on this topic I know some of you need more explanation thank you subscribe for more