Which of the following best describes the difference between gross profit and net profit?

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asked Jan 17, 2024 55.2k views

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Mark Ellul · Answer 1 · 2024-01-22T04:10:56+0000

Answer:Gross profit determines how well a company can earn a profit while managing its production and labor costs. Net income indicates a company's profit after all its expenses have been deducted from revenues.

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Which of the following best describes the difference between gross profit and net profit?

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