answersLogoWhite

0


Best Answer

The gross price would be the price before deductions.

The net price is after deductions.

User Avatar

Wiki User

โˆ™ 2010-12-04 11:25:30
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

Economics

27 cards

What happens when demand for a good increases but its supply decreases

What is one of the disadvantages of getting a government-sponsored mortgage

Which of these is an example of a fixed expense

Using a budget is a good way to what

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Add your answer:

Earn +20 pts
Q: What does gross price and net price mean?
Write your answer...
Submit
Related questions

Calculate gross price to net price?

Gross price-expenses=net price


What does net price mean?

The net price is the price of an item before taxes are charged on the item. The price of an item after the tax is added on is called the gross price.


What does gross price and net price?

The gross price is the basic price. Adjust for any discuont, add any relevant taxes and you get the net price.


What is the difference between net price and gross price?

The difference between net price and gross price is that gross price refers to the total cost while net price refers to the cost after deducting expenses. Expenses can be operating costs and such.


How do I calculate net price to gross price?

The formula is Gross = Net * ( Tax rate / 100 + 1) You can also use this site to calculate Gross/Net Price. http://jumk.de/bank-formulas/gross-net.shtml


How do you calculate net price?

To calculate the net price of a given commodity, subtract the expresses from the gross prices. The new figure is will be the net price.


What is Net price?

A net price is defined as the price after any deductions are taken. The net price is always the price before taxes are added while the gross price includes the taxes.


What gross purchase price mean?

gross purchase price


What does net net price mean?

price after taxes etc.


Gross sales price vs net sales price?

Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.


Does gross less commissions mean net?

yes


Is the brokerage will be included in net price?

It is only in the gross price that brokerage/commission amount will be shown in the invoice.


What are the terms gross pay net mean?

Gross pay is pay before taxes have been deducted were net pay is after taxes.


What does gross and net mean?

Gross means 'before', net means 'after'. Gross profit = sales - cost of sales Net profit = sales - cost of sales - overheads (e.g. telephone, electricity) So gross profit is before deductions, whereas net profit is after all the deductions.


What does gross of tax mean?

Gross of tax may mean that the price stated includes the tax portion.


Does gross price mean including vat?

It should


What dose gross and net mean?

Gross and net are often used to distinguish between an amount before a related expenses and after. For example, gross income and net income. If I earn $10,000 in a month that is my gross income. However, if I am taxed at 25%, I have to give $2,500 to the government. My net income is then $7,500 ($10,000 - $2,500).


What you mean by gross pay and net pay?

gross pay= the amount a person is entitled to net pay= the amount a person is given after the deductions of different taxes and insurances.


Does gross billing and net receipts mean the same thing?

No. Gross billing is the number of units sold multiplied by the cost of that item/s. Net reciepts are the gross billing plus returns, thereby potentially reducing the gross total.


Is net or gross income taxed?

gross


What is the difference between net and gross margin?

Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.


Is tithing on gross or net income?

Net


What is the difference in Net and gross pricing in construction?

What is the difference in Net and gross pricing in construction?


What is Net Selling Price?

The gross sales priceis the price that the customer pays, including sales tax. Thenet sales priceis the price without sales tax.


What does le prix net mean?

The net price. The price after taxes.Net: (of an amount, value, or price) Remaining after a deduction, such as tax or a discount, has been made.

People also asked

How do you grow marijuana?

View results

What coin is Eisenhower on?

View results

Stress strain curve for brittle material?

View results

Current cost of gold per ounce?

View results

What is the trading price of the maker of Big Macs?

View results

What is the current trading price for the maker of Big Macs?

View results