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