What is the difference between gross profit and net profit
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Gross profit is sales revenues minus the cost of goods sold. The term net profit might have a variety of definitions. I assume that net profitmeans all revenues minus all expenses including the cost of goods sold, the selling, general, and administrative (SG&A) expenses, and the nonoperating expenses.
Gross profit is sales revenues minus the cost of goods sold. The term net profit might have a variety of definitions. I assume that net profitmeans all revenues minus all expenses including the cost of goods sold, the selling, general, and administrative (SG&A) expenses, and the nonoperating expenses.
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