Gross Profit vs Net Profit - Accy 201, Ole Miss

in Chapter 4 (Video 9 of 10)

6 minutes

Gross vs Net? What do those words mean? What's the difference between those two "profits"?

This Video Mentioned Some Formulas

Profit Margin = Net Income / Sales Revenue

Sales

– COGS

Gross Profit

Gross Profit Margin = Gross Profit / Sales Revenue

Gross Profit Ratio is the same as Gross Profit Margin

1	COGS and Inventory	2:57
2	Net Sales	10:03
3	Perpetual vs Periodic	7:10
4	Drawbacks to Periodic	6:07
5	FOB Shipping?	8:51
6	Transportation In	8:41
7	COGS	6:18
8	The Multistep Income Statement	12:44
9	Gross Profit vs Net Profit You are here.	6:15
10	Profit Margin	3:22

	Click Here to View All Chapter 4 Problems at Once	View
1	Consignment Inventory	Easy
2	FOB Destination	Easy
3	Inventory Set Aside	Easy
4	FOB Shipping	Moderate
5	FOB Shipping	Moderate
6	Calculating Operating Income	Hard
7	The Effect of Inventory Errors	Hard