this post was submitted on 19 Aug 2024
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Technology
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Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
Flippant away
Yes, but there are many more expenses associated with running their business beyond simply COGS. Their net income last year was 11B, which is pretty average for a company that size.
I'll be completely honest. I don't care anywhere near enough about the actual number that you do. I looked it up, and that was that. I didn't write a financial report.
I dislike that you've put me in the position of defending Walmart, but don't you find it rather misleading to imply that they made 163 billion dollars in profit when the real number is less than 10% of that?
Have a good one