Gross Profit

Business, Legal & 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).

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Gross Profit. Payroll & Accounting Heaven Ltd. July 16, 2020
Chicago Manual of Style (CMS):
Gross Profit. Payroll & Accounting Heaven Ltd. (accessed: July 16, 2020).
American Psychological Association (APA):
Gross Profit. Retrieved July 16, 2020, from website:

Definition Sources

Definitions for Gross Profit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th June, 2019 | 33 Views.