gross profit

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Related to Gross Profits: net sales, net profits, operating profits

Gross profit

Gross Profit

A company's revenue from sales in a given period of time less its cost of goods sold. Gross profit is easy to calculate and may provide a rough idea of a company's performance. However, it does not account for a number of very important expenses, such as marketing or employee salaries. For that reason, it is not as accurate of a measurement as net profit or EBIT.

gross profit

Total revenue of a business minus the cost of goods it sold. Gross profit does not include income from incidental sources and also excludes selling and administrative expenses. Compare net income.

gross profit

the difference between SALES REVENUE and the COST OF SALES before the deduction of selling, distribution, administration and other costs in the PROFIT-AND-LOSS ACCOUNT.

gross profit

the difference between SALES REVENUE and the COST OF GOODS SOLD. Gross profit less the operating expenses of the business equals NET PROFIT.
References in periodicals archive ?
Spread betting business is charged at two per cent of gross profits.
For the 43rd levy period, the Tote should contribute as if it were a bookmaker in respect of off-course SP and Tote odds, cash, internet and telephone horserace betting business and, additionally, in respect of Tote Direct, at the rate of ten per cent of gross profits.
Betting shop with gross profit of less than pounds 150,000: percentage calculated on formula of (gross profit x 10%) divided by pounds 150,000
Assume, for example, that the gross profit tax base found in the VAT were extracted and substituted for the present U.