Word forms: (regular plural) gross profits
( Accounting : Financial statements , Income statement )
Gross profit is the figure obtained on the profit and loss account when the cost of goods sold
is deducted from the sales revenue of a business.
A typical luxury car makes a gross profit of around 15-20 percent of its sales price, and small cars barely break even.
A company's gross profit is the difference between its total income from sales and its total production costs.
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