Labor is a part of cost, all labor included. Most people complain if I don’t include labor because they believe with no profit the “owners” make zero money. Which is educated and self employed people like ourselves know these things but not everyone does.

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Then why use them separately when you attempt to define Profit above? You said that Profit is what's above cost and labor. If cost includes labor, why mention it separately?

Like I stated, most people don’t understand that cost includes all labor.