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.
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