What is gross profit?

[deepak]

Can someone explain meaning of gross profit.

 

[robertwilliam]

A company holds gross profit from sales after subtracting costs directly associated with producing its goods or services, called Cost of Goods Sold (COGS). The calculation involves the following: Gross Profit = Net Sales - Cost of Goods Sold.

 

[Lucas]

Gross profit is the revenue minus the cost of goods sold.

 

[brook]

A company is the gross profit of sales less the direct costs incurred during the production of its goods or services and this is referred to as Cost of Goods Sold (COGS). The computation is based on the following: Gross Profit = Net sales - Cost of Good Sold.

 

[Lucas]

Gross profit is sales revenue minus cost of goods sold (COGS).

 

[BlissCore]

Gross profit is the amount of money a business earns when selling its products or services and then it subtracts the cost of producing or purchasing the products or services. It does not cover other costs such as rent, salaries and taxes.

 

[Gsusangrey]

Gross profit is the revenue of a company, less its Cost of Good Sold (COGS). It indicates that profitability of the main operations of a business is calculated before operating costs such as salaries, rent and taxes are deducted.

 

[peterkavinsky]

Gross profit is the revenue a company earns from sales minus the cost of goods sold (COGS), showing how much money is made before expenses like rent, salaries, or taxes.

 

[Shane Warne]

The gross profit is what a business makes after deducting the cost of sold goods (COGS). It is a gauge of the efficiency of a company in the production or purchasing of products and a measure of simple profitability before factoring in the operating expenses, taxes and other overheads.

 

[erwinsmith]

A company's gross profit is what remains after subtracting the cost of goods sold (COGS). It is a measure of basic profitability before accounting for operational costs, taxes, and other overheads, as well as an indicator of how well a business produces or purchases goods.

 

[Noor]

What's left over after deducting the cost of goods sold (COGS) is the company's gross profit. It is a gauge of a company's basic profitability before operating expenses, taxes, and other overheads are taken into consideration. It also shows how well a company manufactures or acquires things.

 

[masur]

Gross profit represents the difference between the revenue of the company and the cost of goods sold (COGS). It presents the extent to which business makes profits out of its base products or services, and excludes operating and taxation costs among others. Gross profit assists in the determination of the effectiveness of the production levels and pricing strategies.