Accountancy, asked by Bajwa302, 6 months ago

can anyone tell me meaning of gross profit and net profit in simple terms with examples
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Answers

Answered by anushka509491
2

Answer:

Gross Profit = Net Sales – Cost of Goods and Services

Net Sales refers to sales of products and services – not income from the sale of investments and assets. Also, be sure to subtract discounts and allowances from this figure.

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