How do you define “Operating Profit” for charitable donations?Updated a month ago
Good Store operating profit is defined as:
Product revenue
minus
product costs
promotions and discounts
fulfillment and shipping
marketing
general and administrative costs directly related to Good Store
royalty payments to the Foundation to Decrease World Suck
taxes, debt service (if applicable), and a reasonable cash operating reserve to ensure business continuity
Whatever remains — the operating profit — is donated to charity.