GP, NP, GPM, NPM

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gross profit

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9 Terms

1

gross profit

used to calculate which products make more profit for a business

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2

net profit

the actual profit a business makes after taking account of all costs

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3

gross profit margin

comparing the total revenue earned by the business with the cost of the sales it markets

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4

net profit margin

comparing the gross profit the business earns with its expenses

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5

GP equation

GP=SR-VC

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6

NP equation

NP=SR-TC or NP=GP-FC

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7

GPM equation

GPM=(GP/SR)X100

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8

NPM equation

NPM=(NP/SR)X100

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9

what do npm and gpm tell the business

it tells the business how profitable it is and if it is performing well

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