What is the difference between net and gross?

Gross refers to the whole of something, while net refers to a part of a whole following some sort of deduction. For example, net income for a business is the income made after all expenses, overheads, taxes, and interest payments are deducted from the gross income. Similarly, gross weight refers to the total weight of goods and its packaging, with net weight referring only to the weight of the goods.

Gross : Whole Amount / Quantity.

Net : Amount / Quantity after the deduction of Taxes & Expenses. 

gross is total income before any deduct like tax, salary and any other expensive

net: in the net income after deduction all obligation 

gross income is the amount of salary or wages paid to the individual by an employer, before any deductions are taken. For a wage earner, net income is the residual amount of earnings after all deductions have been taken from gross pay, such as payroll taxes and retirement plan contributions.

Gross

Net

Meaning The term gross refers to the total amount made as a result of some activity. It can refer to things such as total profit or total sales. Net (or Nett) refers to the amount left over after all deductions are made. Once the net value is attained, nothing further is subtracted. The net value is not allowed to be made lower. Taxation Salaried people now pay income-tax on their gross income as per Income-Tax Act of1961. Businesses and self-employedpersons pay tax on their net income as per Income-Tax Act of1961. Gross vs Net Income Gross income is calculated by subtracting the cost of goods sold from revenue. Net income is calculated by subtracting expenses such as SG&A (selling, general and administrative expenses), interest payments and taxes from gross income. Gross vs Net Margin Gross margin = Gross income as a percentage of revenue Net margin = Net income as a percentage of revenue Gross vs Net Weight In the context of weight, gross refers to the weight of the product and the packaging. In the context of weight, net refers to the weight of the actual product (without the packaging).

Net and gross of what? Income, or weight, or something else?

Usually GROSS is the price before any discount and NET is the reseller price with discount.

Gross is the total or full amount before any deduction, while net is the result after all necessary deductions.

In the food industry

Net weight = weight of food inside the enclosure

 

Gross weight = weight of Algmaih + caddy weight

gross meaning the original whole value while net meaning the gross level for certain deduction. In risk management, gross risk refers to the value of risk before any risk treatments are applied while the net risk refers to the value of risk after treatment has been applied.

It is similar to the difference between Specified Fuel Consumption (SFC)indicated by any Manufacturer and Acutal Fuel Consumption(AFC) experienced by the Customer. Aslo, similar to the difference between your Gross Pay mentioned on the left side and Net payable mentioned in the right side of the Monthly Payslip.