ECONOMICS

Detailed explanation-1: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.

Detailed explanation-2: -Profit is the amount of money that is leftover after all the costs of running a business have been paid. Revenue is the total amount of money that a company brings in through the sale of its products and services. In order to calculate profit, you need to subtract the costs of goods sold from the revenue.

Detailed explanation-3: -Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue. This is the final figure located at the bottom of the income statement. The net earnings figure includes non-operating expenses such as interest and taxes.

Detailed explanation-4: -Profit is the money a business pulls in after accounting for all expenses.

Detailed explanation-5: -What is Net Income? Net income is the amount of accounting profit a company has left over after paying off all its expenses. Net income is found by taking sales revenue and subtracting COGS, SG&A, depreciation, and amortization, interest expense, taxes and any other expenses.