1
SAS TV #2 What
SAS TV #2 What's the difference between Gross Profit and Net Profit
DATE: 2012/03/15::
2
How to calculate Gross Profit Margin
How to calculate Gross Profit Margin
DATE: 2013/07/11::
3
Gross Profit Margin Ratio, Defined and Explained
Gross Profit Margin Ratio, Defined and Explained
DATE: 2013/07/12::
4
How To Compute Gross Profit
How To Compute Gross Profit
DATE: 2011/04/06::
5
Retail Tip: Gross Profit Margin
Retail Tip: Gross Profit Margin
DATE: 2011/09/08::
6
Gross Profit Method
Gross Profit Method
DATE: 2011/02/04::
7
Gross and Operating Profit
Gross and Operating Profit
DATE: 2011/04/01::
8
Income Statement, Cont
Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses
DATE: 2013/06/09::
9
12. Assigning Costs to Inventory Using the Gross Profit Method
12. Assigning Costs to Inventory Using the Gross Profit Method
DATE: 2012/06/16::
10
Gross Profit Method (Used To Determine Inventory Lost In A Fire, % Cost Vs % Sales)
Gross Profit Method (Used To Determine Inventory Lost In A Fire, % Cost Vs % Sales)
DATE: 2012/11/22::
11
Gross Profit Method To Determine Ending Inventory (Also Called Gross Margin Method)
Gross Profit Method To Determine Ending Inventory (Also Called Gross Margin Method)
DATE: 2012/11/19::
12
Gross Profit & Gross Profit Margin on the Income Statement
Gross Profit & Gross Profit Margin on the Income Statement
DATE: 2012/04/08::
13
How to Calculate Gross Profit Percentage Correctly
How to Calculate Gross Profit Percentage Correctly
DATE: 2014/10/29::
14
Turnover, Gross Profit, Net Profit, EBITDA and EBIT
Turnover, Gross Profit, Net Profit, EBITDA and EBIT
DATE: 2013/11/27::
15
Intermediate Accounting 32 Deferred Gross Profit,  Installment Sales
Intermediate Accounting 32 Deferred Gross Profit, Installment Sales
DATE: 2012/03/06::
16
Gross Profit Ratio - Learn Accounting Online
Gross Profit Ratio - Learn Accounting Online
DATE: 2013/05/24::
17
Business Calculations & Accounting : How to Calculate Gross Profit
Business Calculations & Accounting : How to Calculate Gross Profit
DATE: 2009/07/06::
18
Microsoft Excel Tutorial - How to Work out Gross Profit
Microsoft Excel Tutorial - How to Work out Gross Profit
DATE: 2013/12/17::
19
Is Your Gross Profit Margin Where it Should Be?
Is Your Gross Profit Margin Where it Should Be?
DATE: 2014/09/11::
20
Gross Profit Method
Gross Profit Method
DATE: 2013/11/15::
21
Math in Daily Life : How to Calculate Gross Profit Margin
Math in Daily Life : How to Calculate Gross Profit Margin
DATE: 2008/11/21::
22
Income Statement; Gross Profit Percent; Inventory Turnover - Accounting video
Income Statement; Gross Profit Percent; Inventory Turnover - Accounting video
DATE: 2011/01/04::
23
Using Gross Profit Percentage
Using Gross Profit Percentage
DATE: 2013/10/18::
24
1A Ch 6 Gross Profit FIFO
1A Ch 6 Gross Profit FIFO
DATE: 2012/10/09::
25
Gross Profit Equation (Calculating Gross Profit Percentage, Selling Price Vs Cost Markup)
Gross Profit Equation (Calculating Gross Profit Percentage, Selling Price Vs Cost Markup)
DATE: 2012/11/20::
26
Accounting Financial Ratios Tutorial 4 : The Gross Profit Ratio Part 1
Accounting Financial Ratios Tutorial 4 : The Gross Profit Ratio Part 1
DATE: 2015/03/19::
27
Financial Accounting: Net Sales and Gross Profit
Financial Accounting: Net Sales and Gross Profit
DATE: 2015/01/29::
28
What is Gross Profit
What is Gross Profit
DATE: 2014/08/20::
29
Gross Profit Method Estimating Ending Inventory
Gross Profit Method Estimating Ending Inventory
DATE: 2014/11/13::
30
Financial Analysis- Calculating net and gross profit using excel
Financial Analysis- Calculating net and gross profit using excel
DATE: 2012/06/21::
31
Business and Finance Lesson 1: Gross Profit Margin (Business English Learning)
Business and Finance Lesson 1: Gross Profit Margin (Business English Learning)
DATE: 2011/09/22::
32
Gross Profit Method (Gross Profit As Percent Of Sales Vs Gross Profit Markup On Cost)
Gross Profit Method (Gross Profit As Percent Of Sales Vs Gross Profit Markup On Cost)
DATE: 2012/11/21::
33
In What Industries Is Gross Profit an Important Amount?
In What Industries Is Gross Profit an Important Amount?
DATE: 2015/05/25::
34
Gross Profits and Inventory Costs Under Different Inventory Methods
Gross Profits and Inventory Costs Under Different Inventory Methods
DATE: 2011/12/14::
35
Contribution Margin Vs Gross Profit Margin (Managerial Accounting Tutorial #14)
Contribution Margin Vs Gross Profit Margin (Managerial Accounting Tutorial #14)
DATE: 2014/05/04::
36
Calculating Gross Profit Tip of the Week 6.8.2010
Calculating Gross Profit Tip of the Week 6.8.2010
DATE: 2010/06/08::
37
Why Gross Profit?
Why Gross Profit?
DATE: 2013/06/20::
38
Gross Profit Ratio
Gross Profit Ratio
DATE: 2014/08/03::
39
BTEC Ratios 1 Gross profit to sales
BTEC Ratios 1 Gross profit to sales
DATE: 2012/11/19::
40
What Is Gross Profit Vs Mark Up; Break Even Analysis; EBIT; EBITDA
What Is Gross Profit Vs Mark Up; Break Even Analysis; EBIT; EBITDA
DATE: 2013/09/09::
41
How to create a custom Gross Profit Report with a Pivot Table
How to create a custom Gross Profit Report with a Pivot Table
DATE: 2012/08/16::
42
Installment Sales Method (Gross Profit Percentage, Deferred Gross Profit Vs Realized Gross Profit)
Installment Sales Method (Gross Profit Percentage, Deferred Gross Profit Vs Realized Gross Profit)
DATE: 2013/06/05::
43
Gross Profit Margin Formula | DS Domination / eBay
Gross Profit Margin Formula | DS Domination / eBay
DATE: 2014/10/09::
44
Gross Profit Income Statement - Accounting video
Gross Profit Income Statement - Accounting video
DATE: 2011/01/02::
45
Financial Accounting online Tutorial 7 | Periodic Inventory System, Gross Profit method, LIFO, FIFO
Financial Accounting online Tutorial 7 | Periodic Inventory System, Gross Profit method, LIFO, FIFO
DATE: 2014/06/02::
46
Calculating Gross Profit Margin in Excel
Calculating Gross Profit Margin in Excel
DATE: 2014/01/26::
47
Gross Profit Method
Gross Profit Method
DATE: 2014/06/25::
48
Gross Profit Ending Inventory Method
Gross Profit Ending Inventory Method
DATE: 2014/10/27::
49
How-To Calculate Gross Profit Margin In Excel
How-To Calculate Gross Profit Margin In Excel
DATE: 2014/11/07::
50
Guru
Guru's of Gross Profit- 2014 AICPA Accounting Competition semi-finalist video proposal
DATE: 2014/11/03::
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From Wikipedia, the free encyclopedia
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In accounting, gross profit or sales profit or "credit sales" is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments. Note that this is different from operating profit (earnings before interest and taxes). Note also that gross margin is the term normally used in the U.S.,[1] while gross profit is the more common usage in the UK and Australia.

The various deductions (and their corresponding metrics) leading from Net sales to Net income are as follows:

Net sales = Gross sales – (Customer Discounts, Returns, Allowances)
Gross profit = Net salesCost of goods sold
Gross profit percentage = {(Net salesCost of goods sold)/Net sales} x 100
Operating Profit = Gross Profit – Total operating expenses
Net income (or Net profit) = Operating Profit – taxes – interest

(Note: cost of goods sold is calculated differently for a merchandising business than for a manufacturer.)

See also[edit]

References[edit]

  1. ^ Horngren, Charles (2011). Accounting, 9th Edition. Upper Saddle River, New Jersey 07458: Prentice Hall. ISBN 0132569051. 
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