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Gross profit is the money a company makes after subtracting the cost of producing its goods or services. Net profit is what remains after all expenses, like op
by stephenitis 3y ago
Gross profit is the money a company makes after subtracting the cost of producing its goods or services.
Net profit is what remains after all expenses, like operating costs, taxes, and interest, are deducted from the gross profit.
- kstrauser 3y agoAh, so gross profit is kind of like "this is how much we profited off this specific car", and net profit is "this is the average of how much we profited off all these cars"?
- yread 3y agogross profit is "money we got for selling this car" - "all per car expenses". Net profit is - "all the other expenses a company has"