The formula to calculate Net Revenue is:
\[ \text{NR} = \text{GR} - \text{COGS} \]
Where:
To calculate the net revenue, subtract the cost of goods sold from the gross revenue. Net revenue represents the amount of money a company retains after deducting the cost of goods sold from its gross revenue. It is a key indicator of a company's profitability.
Let's assume the following:
Step 1: Calculate Net Revenue:
\[ \text{NR} = 50,000 - 20,000 = 30,000 \]
Therefore, the Net Revenue is $30,000.