Gross Profit: R 0
Gross Profit Percentage: 0%
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Gross profit is a crucial financial metric representing the difference between revenue and the cost of goods sold (COGS).
It reflects the efficiency of a company in managing its production and labor costs relative to its sales.
Calculated by subtracting COGS from revenue, it serves as a key indicator of a business’s financial health and operational effectiveness.
COGS includes all direct costs tied to the production of goods, such as raw materials and labor, but excludes indirect expenses like marketing and administrative costs.
Gross profit helps businesses assess their profitability at a fundamental level, guiding strategic decisions related to pricing, cost management, and overall business operations.