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4. What is the difference between gross profit and net
profit?
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Answer Posted / satyaki_raju@yahoo.com
gross profit means the sales revenue minus all costs
relinting to sales .These costs includes manufacturing,cost
of raw materialsand all direct costs
Net profit means Thae balance of gross proft after meeting
all the administrative overheads
| Is This Answer Correct ? | 11 Yes | 8 No |
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