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Gross means 'before', net means 'after'.
Gross profit = sales - cost of sales
Net profit = sales - cost of sales - overheads (e.g. telephone, electricity)
So gross profit is before deductions, whereas net profit is after all the deductions.
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∙ 12y ago
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What does gross price and net price mean?
The gross price would be the price before deductions. The net price is after deductions.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Does gross less commissions mean net?
yes
What dose gross and net mean?
Gross and net are often used to distinguish between an amount before a related expenses and after. For example, gross income and net income. If I earn $10,000 in a month that is my gross income. However, if I am taxed at 25%, I have to give $2,500 to the government. My net income is then $7,500 ($10,000 - $2,500).
What you mean by gross pay and net pay?
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.
What does gross price and net price mean?
The gross price would be the price before deductions. The net price is after deductions.
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
Does gross less commissions mean net?
yes
What dose gross and net mean?
Gross and net are often used to distinguish between an amount before a related expenses and after. For example, gross income and net income. If I earn $10,000 in a month that is my gross income. However, if I am taxed at 25%, I have to give $2,500 to the government. My net income is then $7,500 ($10,000 - $2,500).
What you mean by gross pay and net pay?
gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.
Does gross billing and net receipts mean the same thing?
No. Gross billing is the number of units sold multiplied by the cost of that item/s. Net reciepts are the gross billing plus returns, thereby potentially reducing the gross total.
What is the difference between net and gross margin?
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
What is the difference in Net and gross pricing in construction?
What is the difference in Net and gross pricing in construction?
Calculate gross price to net price?
Gross price-expenses=net price
Is net or gross income taxed?
gross
Is household income gross or net?
Gross.
How is gross income different from net income?
net income is gross income less expenses
