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Gross Profit
A company's revenue minus its cost of goods sold. Gross profit is a company's residual profit after selling a product or service and deducting the cost associated with its production and sale. To calculate gross profit: examine the income... More »
What is Gross Profit?
Gross profit is the difference between what a company makes by selling goods and services and what it costs to produce those goods and services. Gross profit does not take account of fixed costs, which are largely the same regardless of the quantity the... More »
Difficulty: Easy
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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, ...


A company's total revenue (equivalent to total sales) minus the cost of goods sold . Gross profit is the profit a company makes after deducting the costs associated ...


Gross profit is net sales minus the cost of goods sold. (Some people use the term gross margin and gross profit interchangeably. Others use gross margin to ...


Mar 31, 2013 ... One of the most important financial concepts you will need to learn in running your new business is the computation of gross profit. And the tool ...


Here's a modified income statement of a large technology company. As you can see, gross profit is the preliminary measure of profitability before operating ...


Dec 30, 2016 ... Gross profit is calculated from the income statement by taking total revenue and subtracting cost of goods sold. It is important because it allows ...


Definition of gross profit: The difference between revenue and the cost of producing goods or services sold. It is sometimes expressed as a percentage.


View industry data on Gross Profit and an explanation of Gross Profit.