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KaVir:
More properly, Net profit = Gross profit - Expenses not included when calculating Gross Profit.
(your link in the other thread was actually more clear: gross profit = revenue - cost of goods sold)
Otherwise the calculations you see on the same web page as the definition you quote wouldn't make sense: taken the way you want it to be, the gross profit margin for any business would always be defined to be 100%. It isn't :)
Stilton
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