Gross Profit And Net Profit
Mark S. Elliott has spent 25 years working in various management roles within the tenanted and leased divisions of the UK's largest breweries and pub companies. His extensive knowledge and day-to-day involvement with pubs and publicans make him well qualified to know what is required to run a successful pub. He shares his knowledge and many 'insider tips' with you in this book. Mark is based in Cockermouth, Cumbria.
GROSS PROFIT AND NET PROFIT
The terms ‘gross profit’ and ‘net profit’ are used in accounts and financial forecasts. Gross profit is often abbreviated as GP and net profit as NP. It is important to understand the difference between the two. In simple terms, gross profit relates to what you sell, and the profit you make after paying for these. Net profit, is the profit you have left after deducting all running costs.
