One begins with a C and the other with a P
cost
profit or loss
Difference between revenue from sales and cost of goods sold is called "Gross profit".
there no difference between break even profit analysis and cost volume profit analysis
gross profit
The difference is, that gross profit includes deduction from manufacturing cost. Sales value - Rawmaterial - Freight = Fluctuating Profit - Manufacturing Cost - Procurement = Gross Profit - Operating Expenses = Operating Profit
Gross Profit = Sales - Cost of Sales and Direct cost Net Profit = G.P - Indirect Expenses By Cyril Joseph
return is calculate against investment. profit is calculte against cost.
Profit is the difference between cost and proceeds. If the proceeds are more than the cost then one is said to be in profit. Having motivation to achieve proceeds more than the cost is known as profit motive.
Profit contribution
The positive difference between revenues and cost is called profit and is claimed by the entrepreneur.
cost centre = the department which activities cash disbursement profit centre = the department which activities making cash