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Q: What is the restaurant gross profit based on 35 000 gross sales per month?
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Continue Learning about Accounting

What does monthly profit mean?

a monthly profit means to make a profit every month in a company.


How can you find the total gross pay for deductions each month?

ddtdt


How much money does yogurtland earns?

About 50K per month profit


What is the formula for finding profit percentage?

First, there are two kinds of profit: Gross Profit and Net Profit. With gross profit, you are basically concerned with the profit involved by selling an item. For example, if you have a vending machine, and you can buy bottles of soft drinks for 25 cents and sell them for 50 cents. The Gross Profit is (Sales - Cost of Goods)/(sales) = (50 - 25)/50 = 1/2, which is 50%. See that Cost of Goods is the cost you paid for the items that you're selling. But there may be other costs involved in selling drinks from the machine. If you rent the machine, then there is a monthly cost there, or even if you own the machine, there can be repair costs, electricity, etc. All of these costs affect the Net Profit, but generally cannot be tied to the individual sale of one drink. So to figure Net Profit, you take a time period, and add up all costs, then subtract from total revenue (income). To get as a percentage, divide by the revenue. So say in a month you sold 200 drinks at 50 cents, so your revenue is $100 and your cost of goods on those is $50. Then all of your 'other costs' such as repairs, electricity, gasoline to drive and refill the machine, etc. are $40. So total costs are now $50 + $40 = $90, and Net Profit = $100 - $90 = $10, and Net Profit Percentage = $10/($100) = 1/10, which is 10%.


What dose gross and net mean?

Gross and net are often used to distinguish between an amount before a related expenses and after. For example, gross income and net income. If I earn $10,000 in a month that is my gross income. However, if I am taxed at 25%, I have to give $2,500 to the government. My net income is then $7,500 ($10,000 - $2,500).

Related questions

What is the salary of a Used Car Manager at a car dealership?

most used car managers are commission from either gross generated after all transactions are complete at the end of the month or a percentage of NET profit after the month is closed.


What does monthly profit mean?

a monthly profit means to make a profit every month in a company.


How much will electricity be a month for a new restaurant?

11000kwh


How much money did Employee of the Month gross worldwide?

Employee of the Month grossed $38,364,855 worldwide.


How much money did Employee of the Month gross domestically?

Employee of the Month grossed $28,444,855 in the domestic market.


What is the average salary in Hungary?

believe it is about 1000 USD gross a month


How can you find the total gross pay for deductions each month?

ddtdt


Using the probability If 400 people walk through the door in a month what is your total expected profit?

Using probability If 400 people walk through the door in a month what is your total expected profit?


How would you use the word profit in a sentence?

As a verb: If you pay attention, you can profit from others' experiences.As a noun: By the end of the month, we should start to show a profit from sales.


How many customers are there per month in a fast food restaurant?

A lot.


How much salary for waiter in Chinese restaurant at sydney?

About 3,000 a month


How much money does yogurtland earns?

About 50K per month profit