To calculate the Gross Revenue (\(GR\)):
\[ GR = NR + COGS \]
Where:
Gross revenue is the total amount of money generated by a business from its sales before any expenses are deducted. It includes all income from sales of goods or services and is a key indicator of a company's financial performance.
Let's assume the following values:
Using the formula:
\[ GR = 100,000 + 30,000 = 130,000 \]
The Gross Revenue is $130,000.
Let's assume the following values:
Using the formula:
\[ GR = 200,000 + 50,000 = 250,000 \]
The Gross Revenue is $250,000.