1st class

Profit

There are two types of Profit-

Gross profit 
net profit

Gross Profit

Gross profit are after considering the

 core activities of the 
company it is expressed as:

Gross Profit= Net Profit-cost of sales

Net Profit

Net profit is considering the other administer

the costs in cured for the period it is expressed as:

Net profit=(Gross Profit+other income)-(selling and administrative expenses+interest+taxes+other expenses)