profit

We will assume that net profit means a company’s net sales minus all expenses. The expenses include things like the expense of goods sold, the selling, common, and administrative (SG&A) expenditures, and the nonoperating costs and losses. Nonoperating revenues and gains would be an increase to the net profit. If the business enterprise is a normal corporation, net profit may possibly mean soon after revenue tax expense. Total revenue, normally identified as gross sales, is the 1st element of gross earnings. The gross profit in economics is the income a business enterprise receives from the sale of its merchandise or...