Gross and net are two terms that are commonly used in business and economics. Gross refers to the total amount of something before any deductions, while net refers to the amount remaining after deductions.
Gross is the total amount of something before any deductions are made. For example, if a company has gross sales of $100,000, this is the total amount of sales before any deductions are taken out. This may include deductions such as taxes, fees, or other costs.
Net is the amount remaining after deductions are made. For example, if a company has gross sales of $100,000 and deductions of $20,000, the net sales would be $80,000. This is the amount the company would actually receive after deductions.
Gross and net are important concepts to understand when it comes to business and economics. Knowing the difference between gross and net can help you make better decisions and understand the financial impact of different decisions.