Meaning of the word "gross profit" in English
What does "gross profit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
gross profit
US /ɡroʊs ˈprɑːfɪt/
UK /ɡroʊs ˈprɑːfɪt/
Noun
1.
the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services
Example:
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The company reported a significant increase in gross profit this quarter.
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Calculating gross profit is the first step in financial analysis.
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