GradeGen

The indirect costs of running a business, such as office rent and administration costs, deducted from gross profit to calculate net profit.

It shows what remains to cover the other expenses of running the business, rather than what remains after all costs have been paid.

Check whether the question asks for gross profit or net profit: expenses are deducted for net profit, not gross profit.

The indirect costs of running a business, such as office rent and administration costs, deducted from gross profit to calculate net profit.

It shows what remains to cover the other expenses of running the business, rather than what remains after all costs have been paid.

Check whether the question asks for gross profit or net profit: expenses are deducted for net profit, not gross profit.

Expenses