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Term of the Day...gross profit

Posted on 16 September, 2013 at 16:54
Term of the Day                                                                                                    gross profit Definition
Calculated as sales minus all costs directly related to those sales. These costs can include manufacturing expensesraw materialslaborsellingmarketing and other expenses.

For more information, see Net vs Gross.

Usage Example
Gross profit for the quarter increased $0.8 million or 8.2% to $10.5 million, compared with $9.7 million in the prior-year period.
Source: CECO Environmental (CECE): Zacks Rank Buy - Yahoo! News Malaysia

Categories: Term of the Day...

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Reply Dmitri Chavkerov
14:13 on 7 March, 2014 
Gross profit is overall profit in different areas of an organizations. On a large scale business,A expert is required to handle this type of issues.