Eyore Glossary
From Deep Thought
Contents |
Expense
Your total gross expense includes the original cost for the item being sold + your ACTUAL shipping cost incurred (what did the post office or UPS charge for shipping) + your packing expenses (cost of the box + packing materials).
Gross Profit
Your general profits on the sale of an item before third party fees are charged. Gross profit is calculated by your total income from the sale - the total expense incurred for the product and shipping.
Income
Your total gross income collected from an auction sale. This includes the sale price of the item + the amount charged to the customer for shipping + insurance fees charged to the customer.
Net Profit
Your net profit is the total profit or loss you will incur when selling your item using the auction listing features you have selected. The net profit takes into account the total amount of income you have collected, your total expenses, and all the auction & payment fees you will be charged.
