Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
“We wrote up this document regarding the gross profit for the quarter of 6 months after the merger with the northern branch and the figures are on target as expected.
trading profit Use ‘gross profit’ in a Sentence The car dealership seemed to have a high gross profit , but when the cost of the vehicles was taken out of the equation the net profit left was much less impressive.
Definition: Gross profit percentage is the margin earned (as a percentage) on a product or service after applying the total production cost to the revenue earned. The total costs include the cost of labor, materials, and overhead.
Gross profit definition Gross profit is the revenue left over after you deduct the costs of making a product or providing a service. You can find the gross profit by subtracting the cost of goods sold (COGS) from the revenue.
Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company’s profit before operating expenses , interest payments and taxes .
Gross profit definition, gross receipts less the cost of goods or production but before the deduction of such other costs as rent or salaries. See more.
Definition. A company’s profit can refer to one of two numbers: gross profit or net profit. Gross profit is calculated by subtracting the total cost of goods sold from the total sales revenue.
Gross profit margin is a financial metric used to assess a company’s financial health and business model by revealing the proportion of money left over from revenues after accounting for the cost
In accounting, gross profit, gross margin, sales profit, or credit sales is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments. This is different from operating profit (earnings before interest and taxes).