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What
What's the Difference between Gross Profit and Net Profit? - Sasha Evdakov
::2012/08/07::
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How to calculate Gross Profit Margin
How to calculate Gross Profit Margin
::2013/07/11::
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3
SAS TV #2 What
SAS TV #2 What's the difference between Gross Profit and Net Profit
::2012/03/15::
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4
Gross Profit Method
Gross Profit Method
::2011/02/04::
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5
Retail Tip: Gross Profit Margin
Retail Tip: Gross Profit Margin
::2011/09/08::
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6
How To Compute Gross Profit
How To Compute Gross Profit
::2011/04/06::
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7
12. Assigning Costs to Inventory Using the Gross Profit Method
12. Assigning Costs to Inventory Using the Gross Profit Method
::2012/06/16::
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8
Gross Profit Margin Ratio, Defined and Explained
Gross Profit Margin Ratio, Defined and Explained
::2013/07/12::
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9
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)
::2012/11/22::
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10
Gross Profit Method To Determine Ending Inventory (Also Called Gross Margin Method)
Gross Profit Method To Determine Ending Inventory (Also Called Gross Margin Method)
::2012/11/19::
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11
Gross Profit & Gross Profit Margin on the Income Statement
Gross Profit & Gross Profit Margin on the Income Statement
::2012/04/08::
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12
Intermediate Accounting 32 Deferred Gross Profit,  Installment Sales
Intermediate Accounting 32 Deferred Gross Profit, Installment Sales
::2012/03/06::
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13
Gross Profit Ratio - Learn Accounting Online
Gross Profit Ratio - Learn Accounting Online
::2013/05/24::
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14
Gross Profit Equation (Calculating Gross Profit Percentage, Selling Price Vs Cost Markup)
Gross Profit Equation (Calculating Gross Profit Percentage, Selling Price Vs Cost Markup)
::2012/11/20::
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15
Math in Daily Life : How to Calculate Gross Profit Margin
Math in Daily Life : How to Calculate Gross Profit Margin
::2008/11/21::
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16
Financial Analysis- Calculating net and gross profit using excel
Financial Analysis- Calculating net and gross profit using excel
::2012/06/21::
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17
1A Ch 6 Gross Profit FIFO
1A Ch 6 Gross Profit FIFO
::2012/10/09::
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18
Gross and Operating Profit
Gross and Operating Profit
::2011/04/01::
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19
Income Statement, Cont
Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses
::2013/06/09::
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20
Is Your Gross Profit Margin Where it Should Be?
Is Your Gross Profit Margin Where it Should Be?
::2014/09/11::
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21
Microsoft Excel Tutorial - How to Work out Gross Profit
Microsoft Excel Tutorial - How to Work out Gross Profit
::2013/12/17::
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22
Calculating Gross Profit Margin in Excel
Calculating Gross Profit Margin in Excel
::2014/01/26::
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23
Income Statement; Gross Profit Percent; Inventory Turnover - Accounting video
Income Statement; Gross Profit Percent; Inventory Turnover - Accounting video
::2011/01/04::
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24
Business and Finance Lesson 1: Gross Profit Margin (Business English Learning)
Business and Finance Lesson 1: Gross Profit Margin (Business English Learning)
::2011/09/22::
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25
Business Calculations & Accounting : How to Calculate Gross Profit
Business Calculations & Accounting : How to Calculate Gross Profit
::2009/07/06::
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26
Turnover, Gross Profit, Net Profit, EBITDA and EBIT
Turnover, Gross Profit, Net Profit, EBITDA and EBIT
::2013/11/27::
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27
Calculating Gross Profit Tip of the Week 6.8.2010
Calculating Gross Profit Tip of the Week 6.8.2010
::2010/06/08::
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28
Why Gross Profit?
Why Gross Profit?
::2013/06/20::
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29
Using Gross Profit Percentage
Using Gross Profit Percentage
::2013/10/18::
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30
Gross Profit Method
Gross Profit Method
::2013/11/15::
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31
Gross Profit Method
Gross Profit Method
::2014/06/25::
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32
What is Gross Profit
What is Gross Profit
::2014/08/20::
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33
Gross Profits and Inventory Costs Under Different Inventory Methods
Gross Profits and Inventory Costs Under Different Inventory Methods
::2011/12/14::
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34
How to create a custom Gross Profit Report with a Pivot Table
How to create a custom Gross Profit Report with a Pivot Table
::2012/08/16::
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35
Guru
Guru's of Gross Profit- 2014 AICPA Accounting Competition semi-finalist video proposal
::2014/11/03::
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36
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)
::2013/06/05::
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37
Forecasting Step 3 -- Forecasting gross profit and fixed assets
Forecasting Step 3 -- Forecasting gross profit and fixed assets
::2010/10/17::
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38
Gross Profit Margin Formula | DS Domination / eBay
Gross Profit Margin Formula | DS Domination / eBay
::2014/10/09::
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39
BTEC Ratios 1 Gross profit to sales
BTEC Ratios 1 Gross profit to sales
::2012/11/19::
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40
Lease Accounting For Sales Type Lease (Gross Profit Guaranteed, Ungaranteed Residual)
Lease Accounting For Sales Type Lease (Gross Profit Guaranteed, Ungaranteed Residual)
::2012/10/05::
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41
Gross Profit Ratio
Gross Profit Ratio
::2014/08/03::
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42
Ch 5:  perpetual inventory, merchandiser, financial statements, gross profit percentage
Ch 5: perpetual inventory, merchandiser, financial statements, gross profit percentage
::2013/10/31::
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43
Gross Profit Method (COGS & Inventory Based On Percent Of Sales Vs Markup On Cost)
Gross Profit Method (COGS & Inventory Based On Percent Of Sales Vs Markup On Cost)
::2012/11/21::
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44
Gross Profit Calculation - % Completion
Gross Profit Calculation - % Completion
::2014/08/17::
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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
::2014/06/01::
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46
Investopedia Video: Understanding Profit Margin
Investopedia Video: Understanding Profit Margin
::2010/11/18::
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47
Contribution Margin Vs Gross Profit Margin (Managerial Accounting Tutorial #14)
Contribution Margin Vs Gross Profit Margin (Managerial Accounting Tutorial #14)
::2014/05/04::
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48
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
::2012/09/07::
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49
Relative Sales Value Method (Lump Sum Purchase, Ending Inventory, Gross Profit)
Relative Sales Value Method (Lump Sum Purchase, Ending Inventory, Gross Profit)
::2012/11/17::
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50
GROSS PROFIT METHOD
GROSS PROFIT METHOD
::2012/02/25::
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From Wikipedia, the free encyclopedia
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In accounting, gross profit or sales profit 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][2] 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. 
  2. ^ "Gross Margin". Investopedia. 

External links[edit]

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