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Net income, also called net profit or net earnings, is usually the last line item on a companys income statement. It represents the amount of money earned after taking into consideration all costs and expenses, such as operating costs, interest expenses, and taxes.
What is net profit? Net profit is the selling price of your good minus ALL the costs of running your business. This is the figure that we usually mean when we refer to profit (but its always worth checking).
A companys gross revenue is its revenue before expenses. A companys net revenue represents the total amount it makes from its operations minus any adjustments such as refunds, returns, and discounts. A companys net income is its profit after deducting expenses and other allowances. Net Revenue: How it Differs from Gross Revenue and Net Income toucantoco.com blog net-revenue-how-it toucantoco.com blog net-revenue-how-it
The three major types of profit are gross profit, operating profit, and net profit--all of which can be found on the income statement. Profit Definition Plus Gross, Operating, and Net Profit Explained investopedia.com terms profit investopedia.com terms profit
Net profit is the amount of money remaining after deducting a companys total expenses from its total revenue for a given accounting period. This amount varies depending on the industry and the companys management.
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Net profit is the final profit a company makes after deducting all expenses including COGS, operating expenses, interest payments, and sometimes taxes. Net profit represents a companys bottom line, and its the most important measure of profitability.
Net Profit = Total Revenue Total Expenses To calculate Net profit of a company, its total expenses are deducted from the total revenue it generates.

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