Gross profit is your business's revenue minus the cost of goods sold. ... Gross profit is your company's profit before subtracting expenses. Net profit is your business's revenue after subtracting all operating, interest, and tax expenses, in addition to deducting your COGS.
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Answer:
Gross profit is your business's revenue minus the cost of goods sold. ... Gross profit is your company's profit before subtracting expenses. Net profit is your business's revenue after subtracting all operating, interest, and tax expenses, in addition to deducting your COGS.
Explanation:
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