Profit

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In the accounting sense of the term net profit (before tax) is the revenue of the business less expenses like as wages, rent, fuel, raw materials, interest on loans and depreciation. Within the United States, the preferred term for profit tends to be the more ambiguous net income.

Gross profit is profit before Selling, General and Administrative costs (SG&A), like depreciation and interest; it is the Sales less direct Cost of Goods (or services) Sold (COGS),

Net profit after tax is after the deduction of either corporate tax (for a company) or income tax (for an individual).

Operating profit is a measure of a company's earning power from ongoing operations, equal to earnings before the deduction of interest payments and income taxes.

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