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by Dodgy Dog in a Sable COAT on August 6th, 2009
Gross Profit is your sales less the Cost of Goods Sold (eg: the cost of purchasing your inventory).
Net profit is the Profit after all expenses are paid.
by Gone on July 15th, 2009
Gross is pre-tax and Net is after taxes (take home profit)
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Comments
You got it right, gross sales and net sales would have been a different answer.
by Benzdiesel on August 6th, 2009
Thank you Benzdiesel
by Dodgy Dog in a Sable COAT on August 6th, 2009
No prob, Kudos given when kudos are due.
by Benzdiesel on August 6th, 2009