gross profit

noun
gross receipts less the cost of goods or production but before the deduction of such other costs as rent or salaries.
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World English Dictionary
gross profit
 
n
accounting the difference between total revenue from sales and the total cost of purchases or materials, with an adjustment for stock

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Cost of goods sold is deducted from your gross receipts to figure your gross
  profit for the year.
Test the reported gross receipts by using the gross profit ratio method.
The steep price cut may boost the sales number and add to the gross profit but
  not necessarily its net profit margin.
But buried among quarterly results that any company would be more than happy to
  emulate was a decline in gross profit margins.
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