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Originally posted by Lebell
Knock off the personal comments everyone.
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Sorry, my comment was in good fun.
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What? "Gross Profit" equals "Cost of making the product" minus taxes? And taxes are assessed on revenues? And VATs are paid by the producers of the product? Um, your example is flawed, rabbit. Nice try though Try it again, except this time define profit as revenue minus expenses, assume income taxes are imposed not upon revenues but on profits, and assume that VATs are paid by the consumer of the product. Got that?
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As I said, my model was simplified. Show me your math, I'm a simple kind of guy.