top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

What is the difference between gross profit and net profit?

+1 vote
99 views
What is the difference between gross profit and net profit?
posted Jun 22, 2017 by Anushka

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

Gross profit is sales revenues minus the cost of goods sold.

The term net profit might have a variety of definitions. I assume that net profit means all revenues minus all expenses including the cost of goods sold, the selling, general, and administrative (SG&A) expenses, and the nonoperating expenses. At a corporation it may also mean after income tax expense.

answer Jun 23, 2017 by Raghav Choudhary
...