Gross Profit
The profit a business makes after deducting the costs involved in making, providing, and selling the goods and services. In an income statement, it is the sales minus the cost of goods sold.
Gross profit = Revenue – Cost of Goods Sold
The profit a business makes after deducting the costs involved in making, providing, and selling the goods and services. In an income statement, it is the sales minus the cost of goods sold.
Gross profit = Revenue – Cost of Goods Sold
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