Question

what is the difference between gross profit and net profit

Answer 1

GROSS PROFIT IS PROFIT BEFORE PAY LIABILTIES.
NET PROFIT IS THE REMANING PROFIT WHICH HE GET AFTER PAYING LIABILTIES.

Answer 2

Explanation:

Gross profit refers to a company's profits earned after subtracting the costs of producing and distributing its products. Net income indicates a company's profit after all of its expenses have been deducted from revenue