ACCT 201 at Towson University

11. Gross Profit vs Net Profit

in Topic 2 (Video 11 of 12)
Gross vs Net? What do those words mean? What's the difference between those two "profits"?

This Video Mentioned Some Formulas

Profit Margin = Net Income / Sales Revenue
Sales
– COGS
Gross Profit
Gross Profit Margin = Gross Profit / Sales Revenue
Gross Profit Ratio is the same as Gross Profit Margin

Did I miss anything in Topic 2?

What Did I Miss?