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What is gross profit for an entrepreneur

 Jun 12, 2015

Best Answer 

 #1
avatar+118667 
+5

Well I am guessing but I think it would be the sale price minus the cost price of the item.

This is the 'obvious' gross profit.

I suppose that for the net profit you would need to consider all the other cost that are incurred.

e.g.   Storage, transport, refrigeration, electicity, employees, equipment, etc etc.

 Jun 12, 2015
 #1
avatar+118667 
+5
Best Answer

Well I am guessing but I think it would be the sale price minus the cost price of the item.

This is the 'obvious' gross profit.

I suppose that for the net profit you would need to consider all the other cost that are incurred.

e.g.   Storage, transport, refrigeration, electicity, employees, equipment, etc etc.

Melody Jun 12, 2015

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