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Whats the difference between net, gross, and operating profit

User Arcreigh
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Gross profit is an amount that a business has earned minus direct costs of goods sold, or manufacturing.

Operating profit is the amount of gross profit, but “minus operational costs.”

Net profit is the whole amount after a business has “accounted for all deductions, including interest and taxes.”

Hope this helped.

If you’re confused about any of this, feel free to leave a comment!
User Sachin Nayak
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