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Question

What is the difference between gross profit and net profit in accounting?

A Gross Profit = Revenue – Cost of Goods Sold; Net Profit = Revenue – Expenses

B Gross Profit = Revenue + Cost of Goods Sold; Net Profit = Revenue – Expenses

C Gross Profit = Revenue – Expenses; Net Profit = Revenue + Cost of Goods Sold

D Gross Profit = Revenue – Cost of Goods Sold; Net Profit = Revenue + Expenses

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