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 What is gross profit and net profit?

Answer Gross profit represents the excess of your sales or revenue over the cost you incurred to make or manufacture products and services. Your net profit represents all income remaining after all expens... Read More »
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Top Q&A For: What is gross profit and net profit

How to Calculate Gross Profit for Loss of Profit Insurance?

Many businesses purchase loss-of-profit insurance, also called “business interruption” insurance, to cover a loss of ability to operate due to circumstances outside of the business’s control,... Read More »
http://www.ehow.com/how_6376844_calculate-profit-loss-profit-insurance.html

Why Is Economic Profit a Better Measure of Profit Than Accounting Profit?

Although rarely acknowledged, you can measure profit in more than one way. Sometimes numbers can deceive you, and this is the case when it comes to accounting profit, which merely shows profit on t... Read More »
http://www.ehow.com/info_8675841_economic-measure-profit-accounting-profit.html

What is gross profit percentage?

Gross profit percentage is a key metric that companies use to evaluate the health of the company. It is calculated by dividing revenue minus direct costs over revenue, where direct costs equals ove... Read More »
http://www.answerbag.com/q_view/2039712

Is gross profit the same as net income?

No. Gross will be what you make prior to any overhead expenses. For instance: You make a product using labor and material. Sales price less labor and material costs give you a gross profit. From gr... Read More »
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