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Related Definitions
Gross profit on sales Gross profit on sales is the profit that a company made after deducting cost of goods sold from net sales but before subtracting operating expenses.
Gross Profit Margin Gross Profit Margin is an income generated from offering goods and services before expenditures not primarily associated with production are deducted...
Gross profit method Gross profit method is a method for estimating the cost of the ending inventory by applying a gross profit rate to net sales and subtracting...
Gross profit rate Gross profit rate means the gross profit expressed as a percentage, by dividing the amount of gross profit by net sales.
Gross Profit Gross Profit refers to the excess of net sales over the cost of goods sold. Companies deduct the cost of goods sold from sales revenue in order to determine gross profit.
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