Revenue is the number of dollars generated from the sale of a product or products. It is the whole number without any deductions or any other altering factors.
Revenue is the total number of dollars in sales while profit is specifically how much you made off of those sales. If you have revenue of $1,000 that means you sold $1,000 worth of product. The profit will not be this number, the cost of goods and other factors means you pocketed less. Profit is specifically the amount difference between the sales and cost of those goods.
Almost all of the time income will not be higher than revenue but in some very rare instances it will be higher.
Revenue does not include any sales tax collected by the seller.
Create Date: September 12, 2024
Last Modified Date: September 12, 2024
