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gross profit

noun
1.
gross receipts less the cost of goods or production but before the deduction of such other costs as rent or salaries.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for gross profit
  • 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.
  • Third, a five-year average gross profit margin indicator will be calculated.
British Dictionary definitions for gross profit

gross profit

noun
1.
(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 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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