Definition of Gross profit

1. Noun. (finance) the net sales minus the cost of goods and services sold.

Exact synonyms: Gross Profit Margin, Margin
Category relationships: Corporate Finance
Generic synonyms: Earnings, Lucre, Net, Net Income, Net Profit, Profit, Profits

Definition of Gross profit

1. Noun. net sales minus cost of goods sold. ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Gross Profit

gross anatomy
gross domestic product
gross domestic products
gross estate
gross haematuria
gross heating value
gross income
gross incomes
gross lesion
gross margin
gross national product
gross national products
gross negligence
gross out
gross pay
gross profit (current term)
gross profit margin
gross revenue
gross sales
gross ton
gross vehicle weight rating
gross virus
gross weight
grossart
grossarts
grossbeak
grossbeaks
grossed
grosser

Literary usage of Gross profit

Below you will find example usage of this term as found in modern and/or classical literature:

1. Principles of Accounting by John Raymond Wildman (1913)
"CHAPTER XXXV gross profit ON SALES AND TURNOVER gross profit on sales forms ... The discussion which arises in connection with gross profit is whether or ..."

2. Principles of Accounting by John Raymond Wildman (1913)
"CHAPTER XXXV gross profit ON SALES AND TURNOVER gross profit on sales forms ... The discussion which arises in connection with gross profit is whether or ..."

3. Forest Owners' Guide to the Federal Income Tax by William C. Siegel, William L. Hoover, Harry L. Haney, Jr., Karen Liu (1996)
"gross profit Percentage — The percentage of a payment that is gain usually ... The method of calculating gross profit percentage is shown in Example IX- 1. ..."

4. Auditing Theory and Practice by Robert Hiester Montgomery (1912)
"In studying the operations of the various departments, one of the most important things to be considered is the rate of gross profit on sales. ..."

5. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1918)
"The gross profit on Sales is the result of the following: (a), ... These are deducted from the gross profit on sales to ascertain the net profit from ..."

6. Frenzied Finance by Thomas William Lawson (1905)
"I realized that copper, in that year, would afford a gross profit of 100 cents on each $2 worth produced; that this great gross profit was legitimate, ..."

7. Advanced Accounting by Lawrence Robert Dicksee, James Edward Geoffrey De Montmorency (1903)
"The Stock ought to have been taken at regular intervals, so as to show the Gross Profit on the lu;iness. I have prepared a Statement from the Cash Book ..."

8. Publishers Weekly by Publishers' Board of Trade (U.S.), Book Trade Association of Philadelphia, American Book Trade Union, Am. Book Trade Association, R.R. Bowker Company (1913)
"If the regular books had been sold at retail at the average reduction on such books, the gross profit would have been 25 per cent. ..."

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