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formula for Net profit and net loss?
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Answer Posted / kartik patel
Net Profit = Total Revenue - Total Expenses.
Total Revenue = Indirect Income + Direct Income.
Total Expenses = Indirect Expenses + Direct Expenses + Applicable Taxes
Profit is benefit (earnings of money).
Net Loss = Total Expenses - Total Revenue.
Total Expenses = Indirect Expenses + Direct Expenses + Applicable Taxes.
Total Revenue = Indirect Income + Direct Income.
Loss is lost (losses of money).
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