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Message: <blockquote data-quote="Ozone4" data-source="post: 24549396" data-attributes="member: 559320">Gross profit is your business’s revenue minus the cost of goods sold. Your cost of goods sold  (COGS) is how much money you spend directly making your products. But,  your business’s other expenses are not included in your COGS. 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. To calculate net  profit, you must know your company’s gross profit. Your business’s net  profit is known as a net loss if the number is negative.<a href="https://www.patriotsoftware.com/accounting/training/blog/gross-profit-vs-net-profit/" target="_blank"></a><a href="https://www.patriotsoftware.com/accounting/training/blog/gross-profit-vs-net-profit/" target="_blank"></a><a href="https://www.patriotsoftware.com/accounting/training/blog/gross-profit-vs-net-profit/" target="_blank">Source <img src="/styles/default/xenforo/smilies/default/wink.gif"  class="smilie" loading="lazy" alt=";)" title="Wink    ;)" data-shortname=";)" /></a></blockquote>

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