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What is "gross profit"

Longman Dictionary of Contemporary English
gross profit
noun
EXAMPLES FROM CORPUS
▪ A particular case that I remember was the client's stock calculations geared to achieving the required gross profit percentage.
▪ Certainly one of the most important and most sensitive variables to be estimated is the gross profit margin.
▪ However, gross profit was down only £2m to £94m.
▪ Sales less cost of sales yields a gross profit of $ 350.
▪ The difference between sales and cost of sales is the gross profit which is distributed as tax and dividends.
▪ The possibility of a high gross profit margin. 6.
▪ This represents a difference or rather gross profit of 65p per dozen or £14.98 per bird over the same period.
▪ Water Assessment 1992 was an excellent year for oceanographic and water related work, with a gross profit significantly ahead of budget.
Wiktionary
gross profit

n. (context accounting English) the difference between net sales and the cost of goods sold

WordNet
gross profit

n. (finance) the net sales minus the cost of goods and services sold [syn: gross profit margin, margin]

Usage examples of "gross profit".

So I went into detail: Why 100 percent gross profit on the cost of food might not break even after she figured costs and overhead-amortization, depreciation, taxes, insurance, wages for them as if they were employees, etc.

My books at the end of the first month he was with us showed the gross profit up and the net way up.

We'll pay that in four payments of twelve and a half million dollars, plus ten percent of the gross profit from the mining operations.

So our gross profit is between twenty-five and thirty-five guineas for each slave.

Thirty percent of our gross profit per annum arises hi this single five-week period.

The profit margin may not be so very different overall, but the gross profit of course depends on the number of items sold.