What are the types of profits?? Explain in a short note
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The three major types of profit are gross profit, operating profit, and net profit--all of which can be found on the income statement. Each profit type gives analysts more information about a company's performance, especially when it's compared to other competitors and time periods.
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Explanation:
The three major types of profit are gross profit, operating profit, and net profit--all of which can be found on the income statement.
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