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Old 10-31-2003, 12:21 PM  
notjoe
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Join Date: May 2002
Location: Toronto, Canada
Posts: 5,599
What is your definition of NET profit and Gross profit

OK, i think i'm losing my mind here.

I've always assumed that NET profit was the around of money you have left over once you pay for all you expenses. As for GROSS Profit, that was the money you have before you pay expenses.

Here's a simple example

$10,000 Made this month (Gross Profit)
$5,000 - Expenses

$5,000 = would be your NET Profit right?


If that is the case then why does reference.com say otherwise?

http://dictionary.reference.com/search?q=gross%20profit

http://dictionary.reference.com/search?q=net%20profit

Either i need to lay off the pot and take a course in business or this site is wrong..

So, which is it?
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