the excess of net sales over cost of goods sold usually expressed as a percentage. Glossary of Business Terms
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A subtotal on a firm's statement of income that is net sales minus cost of goods sold.
Sometimes called gross profit on sales. American Banker Glossary
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sales minus the cost of goods sold. Bloomberg Financial Dictionary
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Total profit before the deduction of tax and expenses.
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gross profit UK US noun [C or U] (also trading profit) ACCOUNTING
► a company’s profit from selling goods or services before costs not directly related to producing them, for example interest payments and tax, are subtracted: »
Gross profit for the quarter amounted to $11.2m.
Financial and business terms. 2012.