While watching Shark Tank with a friend, we realized we weren't sure about the difference between a business's "net sales" and "profit." So, I looked it up.
Net sales refer to the total revenue generated by a business over a certain period of time, after accounting for any discounts or returns. It is essentially the money a company receives from selling its products or services.
Profit, on the other hand, is the amount of money that a business earns after deducting all of its expenses from its revenue. Expenses include operating costs, taxes, and any other expenses that the business may incur in the process of generating revenue.
In essence, net sales represent a business's total revenue, while profit represents the amount of money it earns after accounting for all of its expenses.
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