Gross Profit
From bib. source
This is the difference between revenue, turnover or sales, and the cost of sales. It is an indicator of the basic profitability of the goods and services sold.
The gross profit, as mentioned above, is equal to revenue, turnover, or sales minus cost of sales or cost of revenue (Kind 1999, 33).
Gross profit as revenue minus cost of revenue
Take as gross profit, as revenue/turnover/sales, and as cost of sales:
gross_profit profit mathematics mathematical_operator mathematical_operators binary_operators binary_operator subtraction subtraction_operator subtraction_operators formula formulae formulas difference math finance accounting profit_and_loss_account profit_and_loss_statement
bibliography
- “The Profit and Loss Account in More Detail.” In Accounting and Finance for Managers, 25–37. The Fast Track MBA Series. Dover, NH: PriceWaterhouseCoopers, 1999.