Gross Profit vs Net Profit | Learn With Finance Strategists | Under 3 Minutes!

The cost of goods sold is different from operating expenses, which are fixed costs that do not directly depend on the company‘s output. These include rent, management salaries, marketing, insurance, and others. When you subtract operating expenses from the gross profit, that number is the operating income. It is usually a much lower number than gross profit because it deducts other major expense items. After subtracting all expenses, including non-operating expenses like interest and taxes, what is left is net income (also called net profit or earnings). _______________________ 0:00 Difference between Gross Profit and Net Profit 0:39 Gross Profit Formula 0:58 Net Profit 1:45 Gross Profit and Net Profit Question _______________________ Talk with an advisor by emailing [email protected] Learn more by visiting the page: https://www.financestrategists.com/te... Check out the main Finance Strategists YouTube Page here:    / @financestrategists4468   _______________________ Message from the founder: Here at Finance Strategists, we believe one of the best ways you can help someone is with their finances. We create helpful informational videos and content to help people take control of their finances. Finance Strategists plans to launch "Finance Strategists for Kids" where we teach fundamental financial concepts to kids in a clear manner allowing them to generate margin in their lives to bless other people. We believe raising up a generation of leaders with financial freedom can change individual lives, neighborhoods, countries, and the world. _________________________ 🔔 Hit the bell next to Subscribe so you don't miss a video! 📧 Fill out this form to receive the "Finance Word of the Day" in your inbox! 👨🏻‍💻 Watch our newest vids! - https://bit.ly/FS-Recently-Added 💃 To book Ranie for voiceover or spokeswoman, email [email protected] _________________________ Follow us on Socials: Website: FinanceStrategists.com Instagram: @financetrategists Twitter: @FinStrategists LinkedIn: https://bit.ly/FS-linkedin Facebook: https://bit.ly/Facebook-FS