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by bhouston 20 days ago
I meant "gross income", which is revenue. Not "net income", which is profit.

I was unclear and I apologize.

1 comments

Revenue and gross income are definitely not the same. It's a very common confusion.
You are correct actually, not sure why you are being downvoted. I just checked and the definitions are:

"Gross income is that same revenue minus the direct costs of producing the goods or services (such as materials and direct labor)."