How to Calculate and Improve the Profitability of Sales of Goods and Services
A profitable business is not the one that simply sells a lot, but the one that earns more than it spends. You may have a large turnover, but if each dollar of income costs you 95 cents, you can’t count on stable profits. That’s why it’s crucial not only to track revenue, but also to understand how to calculate your sales profitability and control it.