Define: Gross Profit

UK Accounting Glossary

Definition: Gross Profit


Quick Summary of Gross Profit


Sales minus cost of sales before deducting administration and selling expenses (see also gross margin).



What is the dictionary definition of Gross Profit?

Dictionary Definition


Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit appears on a company’s income statement and is calculated by subtracting the cost of goods sold (COGS) from revenue (sales).


Full Definition of Gross Profit




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Definition Sources


Definitions for Gross Profit are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.