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what is the difference between gross profit and net profit?
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Answer / swarnatsk
gross profit is the difference between sales and cost of sales.net profit is the difference between sales and all expences.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / jagdish kumar verma
the difference between gross profit is the amount of
product and sale process Amount Between subtracting in net
sale of product equal to gross profit Ex:- (product
production+sale process amount-Net Sale=Gross Profit)and
the Net Profit means the amount of production,sale process
and all depriciation charges subtracting of Sale amount of
Product equal to Net profit.Ex:-(production amount+sale
process+depriciation charges-Net Sale of Product=Net Profit)
| Is This Answer Correct ? | 2 Yes | 1 No |
Hi Im Safayat. Gross profit is calculated by subtracting the
cost of goods sold from net sales. (Net sales - Cost of
goods sold = Gross profit) And Net profit is calculated by:
{Gross profit - Operating expenses (General+Marketing)+ Non
operating income - Non operating expenses } = Net Profit.
Now u know the difference.
| Is This Answer Correct ? | 2 Yes | 2 No |
Hi Im Safayat. Gross profit is calculated by subtracting the
cost of goods sold from net sales. (Net sales - Cost of
goods sold = Gross profit) And Net profit is calculated by:
{Gross profit - Operating expenses (General+Marketing)+ Non
operating income - Non operating expenses } = Net Profit.
Now u know the difference.
| Is This Answer Correct ? | 1 Yes | 3 No |
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