Which of the following means "net profit"?
Overall cost multiplied by Desired percent profit
Overall cost multiplied by Selling price
Selling price minus Purchase price
Purchase price minus Discount
Overall cost multiplied by Desired percent profit
Rationale: Net profit is the overall cost multiplied by the Desired percent profit. It is also called bottom line, net income, or net earnings. Net profit is the actual profit without inclusion of working expense in the calculation of gross profit.
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