Nett – Profit after tax
(Pronounced net)
To remember the definition of the word gross, use the following mnemonic:
Fishing with a net (nett) was how the tax officer collected all the tax money. There was little left after the tax officer left.
Examples of nett in a sentence
The group had a nett profit margin of 30% last year.
The nett profit from the sale was 100 dollars.
Can you tell me the company's nett this quarter?
