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Difference between operating profit and gross …

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Difference between operating profit and gross profit?

Posted by Md Kashif 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

Gross profit is the total revenue minus the expenses directly related to the production of goods for sale, called the cost of goods sold. Derived from gross profit, operating profit reflects the residual income that remains after accounting for all the costs of doing business.

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