What is Net Profit?
Net profit is the total earnings your business keeps after deducting all costs, including cost of goods, operating costs, taxes, and more. It’s the ultimate indicator of profitability. Net Profit = Total Revenue - Total CostsWhat is Net Profit Margin?
Net profit margin shows the percentage of your revenue that remains as profit after all costs. It’s a key metric to assess efficiency and profitability. Net Profit Margin (%) = (Net Profit ÷ Total Revenue) × 100These metrics are crucial for understanding your business's financial health and identifying areas for growth.