Net Concession Calculator

Formula

The formula to calculate the Net Concession (NC) is:

\[ NC = GC - CE \]

Where:

Net Concession (NC): The amount of money remaining after deducting concession expenses from the gross concession.
Gross Concession (GC): The total revenue generated from concessions before expenses.
Concession Expenses (CE): The costs associated with generating concession revenue.
Significance: Net concession is crucial for understanding profitability and making informed financial decisions.

Let's say the gross concession (GC) is $5000 and the concession expenses (CE) are $2000. Using the formula:

\[ NC = 5000 - 2000 = 3000 \]

So, the net concession is $3000.