gross profit
3
3.2
- noun
- /ɡroʊs ˈprɒfɪt/
- Specialized
:
beneficio bruto
- To calculate the gross profit, subtract the cost of goods sold from the total sales revenue.
- gross profit margin
- gross profit equals sales
- gross profit margin—27.4 percent
Their Shopify store revenue is minus the cost of goods sold, so that I can understand, OK, what is the gross profit figure?
- Their Shopify store revenue is minus the cost of goods sold, so that I can understand, OK, what is the gross profit figure?
- They're producing above industry returns, above industry gross profits.
- But yet despite the fact that I had like exponential growth, as far as my, you know, house volume was going, even my gross profits, everything were up.
Examples
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Subtract expenses from gross profit, and you have net income.
Academic text (1998) -
Once the deal was complete and they were going direct, their sales and gross profit rose, but so did their operating expenses.
Blog text (13) -
What was the shop's gross profit on this sale?
Blog text (7) -
What was the shop's gross profit?
Blog text (7) -
Let's assume you make $50 of gross profit on each item sold.
Blog text (1) -
Subtract your cost from your revenue to get gross profit.
Academic text (1998) -
Its stock has a gross profit of $1.93 billion.
Blog text (24) -
Gross profit rose from $28.8 million to $34.1 million as the gross profit margin rose from 47.5% to 48%.
Blog text (13) -
The company's gross profit increased significantly after they reduced their production costs.
-
Last year, the business reported a gross profit of $500,000, which helped fund its expansion.
Antonyms
How Much
Surface Forms
Morphology
The constituents 'gross' (total, before deductions) and 'profit' (monetary gain) make it reasonably clear to a B1 learner that this refers to a kind of profit measured before some deductions. However, the exact accounting scope (specifically sales minus cost of goods sold and excluding operating expenses/taxes) is technical and not fully predictable from the words alone, so it is only partially transparent.
Etymology
Gross profit uses gross to mean 'total' and profit to mean the money a business makes. So, it describes the money left from sales after you subtract the cost of goods, but before other costs or taxes.