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In accounting, numerous terms are involved, each with its own unique importance. When talking about profitability, we usually refer to net profit frequently. However, there is another type of profit that is just as important in the same context, and that is "gross profit". You have probably come across gross profit when looking at the accounts of any business. But do you know what it is and how it can be distinguished from net profit? Let's understand the meaning of Gross Profit, its importance and how to calculate it. Also, we briefly explain the meaning and importance of Gross Profit Margin. : UPI Payments in India

What is Gross Profit? Gross profit, also known as gross margin, is the profit earned from the sale of goods...

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