What is the annual net profit of a private university?
A private university has a net profit of 230 million a year. In the fiscal year of 20021,the education review panel roughly calculated that the profit of private universities reached 230 million yuan. The annual revenue is 540 million yuan, the net profit is about 230 million yuan, and the gross profit margin is about 50%. Tuition and accommodation are the main income sources and profit points of private colleges and universities.