The term "net" refers to the amount of money left over after all deductions have been made. For a business, these deductions could include such things as overhead costs, interest rates and taxes. Net percent is calculated by expressing the net as a percentage of gross, or the overall total before deductions have been made. A net percent can be useful to an individual or company that wants a clear depiction of its finances.
Write down your gross figure. This number refers to the overall total before any deductions have been made.
Subtract from your gross figure all of your deductions. This number is your net figure. Write this figure down.
Divide your net figure by your gross figure. The result will be less than zero.
Multiply the figure you obtained in Step 3 by 100. This is your net percent.
Based in Halifax, Nova Scotia, Jordan Whitehouse has been writing on food and drink, small business, and community development since 2004. His work has appeared in a wide range of online and print publications across Canada, including Atlantic Business Magazine, The Grid and Halifax Magazine. Whitehouse studied English literature and psychology at Queen's University, and book and magazine publishing at Centennial College.