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This is especially effective in sectors like fashion, electronics, or furniture. Suppose a restaurant generated $800,000 in food and beverage sales, had $200,000 in opening food inventory, $400,000 in food purchases, and $100,000 in closing food inventory. Gross profit provides an essential measure of how efficiently a company can produce or purchase goods and sell

This is especially effective in sectors like fashion, electronics, or furniture. Suppose a restaurant generated $800,000 in food and beverage sales, had $200,000 in opening food inventory, $400,000 in food purchases, and $100,000 in closing food inventory. Gross profit provides an essential measure of how efficiently a company can produce or purchase goods and sell