Calculate your business's gross and net profit in Naira and Dollars
Exchange Rate: $1 = ₦1,500 (approximate)
• Gross Profit: Revenue minus direct production costs (COGS)
• Net Profit: Gross profit minus all operating expenses
• Higher margins indicate better profitability and efficiency
Gross Profit = Sales Revenue - Cost of Goods Sold
Net Profit = Gross Profit - Operating Expenses
Gross Margin = (Gross Profit ÷ Revenue) × 100
Net Margin = (Net Profit ÷ Revenue) × 100