Answer Posted / dasarisravani

operating profit


Company profit that remains after subtracting all expenses
associated with selling its products or services.

subracts from grossprofit all business expenses-telepnoe
biss,interenet access charges,shipping expenses


gross profit

what u make to sell the goods-what it cost to sell the
goods,incl manufacturing exp'

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Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

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