Meaning of “gross profit” in the English Dictionary


"gross profit" in Business English

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gross profitnoun [ C or U ]

uk us 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.

(Definition of “gross profit” from the Cambridge Business English Dictionary © Cambridge University Press)