Net sales are calculated:
Gross profit is found by deducting the cost of goods sold:
Gross profit should not be confused with net income:
Gross profit sets up net profit: the strong correlation between the two shows that to hit our target of a 12% net, you'd better first hit the targeted 30% gross.(Real estate industry)(Industry Overview)
Jan 01, 2005; High gross profit is the first critical step to reaching high net profit. Our most recent study of 94 client builders' financial...
Steinway Net Surges on Gross Profit Improvement: Improved Product Mix, Factory Efficiencies Boost Gross Profit by 330 Basis Points
Jun 01, 2013; NET INCOME AT STEINWAY Musical Instruments increased more than 400% in the first quarter to $2.69 million, compared with $590,000...