Gross profit: You want to sell a product at a retail level. You first find a supplier. The item you want to sell for example is a new type of water filter. You want to sell it as a mail order item...
gross profit is the the total amount you get after selling an item before you subtract the total expenses or costs uncured. net profit is the gross profit minus expenses.
Gross profit is what a company claims after Cost of Goods sold are deducted. Gross Sales is what a company sales, Net Sales is what a company has after any returns and allowances are deducted (net...
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