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I need the diffnation of Gross profit and Net Profit,
kindly brief. Thanking U.
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Answer Posted / badri
Gross profit or sales profit is the difference between
revenue and the cost of making a product or providing a
service, before deducting overhead, payroll, taxation, and
interest payments. Note that this is different than
operating profit.
Net profit-The excess of revenues over outlays in a given
period of time (including depreciation and other non-cash
expenses)
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