Question

gross profit or net profit tell me difference UYXAUPGZKK​

Answer 1

Answer:

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Explanation:

The difference between gross profit and net profit is when you subtract expenses. Gross profit is your business's revenue minus the cost of goods sold. ... Net profit is your business's revenue after subtracting all operating, interest, and tax expenses, in addition to deducting your COGS.

Answer 2

Answer:

Gross profits are the amount your company made over a specific amount of time, minus the cost of goods sold (COGS). The cost of goods sold includes items like raw materials, necessary labor, or even taxes on your building.

Net profits, on the other hand, are your total revenue, minus COGS and all operating expenses — that is, administrative expenses, non-operating expenses like taxes or interest, and any expenses related to selling