Operating Expenses in Retail Grocery Stores in 1919
Operating Expenses in Retail Grocery Stores in 1919
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3 % of net sales, was also slightly less in 1919 than has been shown heretofore in the Bureau's investigations. The general prosperity of the country seems to have faciUtated collections during the last year in retail grocery stores despite the high prices prevailing.
GROSS AND NET PROFIT The range and common figures for gross and net profit, in percentage of net sales, in 1919 were as follows: Highest Lowest Common Gross Profit 33. 36 % 6. 99 % 17. 0 % Net Profit (or Loss) . . Profit 19. 88 Lo...ss 10. 31 Profit 2. 0 Gross profit is determined by deducting from net sales the cost of the merchandise sold. Gross profit is the margin that covers the operating expenses and the net profit of the bus- iness. Net profit is what remains after the total expense is deducted from gross profit. It is primarily the result of good management.
While the common figure for net profit in these retail groc- ery stores in 1919 was 2% of net sales, nevertheless 23% of the stores reporting showed a net loss for the year; 12% showed a net profit of less than 1 %; and only 14% showed a net profit greater than 6 % of net sales.
What to read after Operating Expenses in Retail Grocery Stores in 1919?
You can find similar books in the "Read Also" column, or choose other free books by Harvard University Bureau of Business Research to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3 % of net sales, was also slightly less in 1919 than has been shown heretofore in the Bureau's investigations. The general prosperity of the country seems to have faciUtated collections during the last year in retail grocery stores despite the high prices prevailing.
GROSS AND NET PROFIT The range and common figures for gross and net profit, in percentage of net sales, in 1919 were as follows: Highest Lowest Common Gross Profit 33. 36 % 6. 99 % 17. 0 % Net Profit (or Loss) . . Profit 19. 88 Lo...ss 10. 31 Profit 2. 0 Gross profit is determined by deducting from net sales the cost of the merchandise sold. Gross profit is the margin that covers the operating expenses and the net profit of the bus- iness. Net profit is what remains after the total expense is deducted from gross profit. It is primarily the result of good management.
While the common figure for net profit in these retail groc- ery stores in 1919 was 2% of net sales, nevertheless 23% of the stores reporting showed a net loss for the year; 12% showed a net profit of less than 1 %; and only 14% showed a net profit greater than 6 % of net sales.
What to read after Operating Expenses in Retail Grocery Stores in 1919?
You can find similar books in the "Read Also" column, or choose other free books by Harvard University Bureau of Business Research to read onlineMoreLess
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