Go to Store > Store Reports> Profit to display a report of total profit on items.
Both Item Price and Item Cost are the current amounts and are displayed for informational purposes only. This report does not calculate an average of the actual cost and price of the items that were sold. The actual price and cost of each transaction are used to determine Net Sales and Cost.
Net Sales
Each transaction’s item price multiplied by quantity sold less total discounts (using the item price as of the date of each transaction).
Cost
Each transaction’s item cost multiplied by quantity (using the item cost as of the date of each transaction).
Profit
Net Sales less Cost