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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).
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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.
Does gross less commissions mean net?
yes
What are the terms gross pay net mean?
Gross pay is pay before taxes have been deducted were net pay is after taxes.
What does gross and net mean?
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.
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.
