gross profit

Definition

Calculated as sales minus all costs directly related to those sales. These costs can include manufacturing expenses, raw materials, labor, selling, marketing and other expenses.

For more information, see Net vs Gross.

Use gross profit in a sentence

After taking all direct expenses into account, John's bread delivery business cleared a decent gross profit for the last quarter

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We wrote up this document regarding the gross profit for the quarter of 6 months after the merger with the northern branch and the figures are on target as expected.

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The corporation I work for commonly conducts trades which have a net profit of over $20,000, however the majority of those trades only have a gross profit of $15,000

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