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 One of the major financial statements focused on a business's revenues and expenses in a particular period. It is also known as the profit..., it is the sales The total amount in dollars made in the business before expenses are deducted. See also Gross Revenue. minus the cost of goods sold Also known as Cost of Sales, Cost of Goods Sold includes the direct costs associated with generating revenue. Depending on the business, it can....
Gross profit = Revenue – Cost of Goods Sold
