GROSSPROFIT

Gross profit

In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments. Note that this is different from operating profit .

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gross profit

Noun

  1. the difference between net sales and the cost of goods sold


The above text is a snippet from Wiktionary: gross profit
and as such is available under the Creative Commons Attribution/Share-Alike License.

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