What is Gross Profit and Net Profit?

By: Barrie Bookkeepers Inc  23-11-2011
Keywords: Accounting & Bookkeeping, Bookkeepers, Bookkeeping And Accounting

Gross Profit is the difference between the sale price and the cost of the item being sold. Net Profit is the difference between the Gross Profit and all overhead costs to operate the business.

Keywords: Accounting & Bookkeeping, Bookkeepers, Bookkeeping And Accounting

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