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.

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Related Terms

gross profit margin - More

gross - More

gross income -

margin of profit

Mentioned in these terms

Gross Profit/Loss

Related Terms on BusinessDictionary

final accounts
common-size financial statement
first-in, first-out (FIFO)
last in, first out (LIFO)

sales mix
profitability ratios
trading profit

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
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revenue
net income
negotiable
net profit
net worth

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Nearby Terms

Gross National Debt
Gross National Product
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gross profit
gross profit margin
Gross Profit/Loss
gross revenue
gross sales
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