Profit

Gross profit

• Gross is the profit a business makes after taking away the costs it took to make the product/service.
• Revenue - Cost of sales = Gross profit.

Net profit

• Net profit is the profit the business makes after all expenses have been paid.
• Operating profit - Intrest = Net profit.

Operating profit

• Operating profit is the profit left over after other operating costs have been made.
• Gross…