gross receipts less the cost of goods or production but before the deduction of such other costs as rent or salaries.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use gross profit in a sentence
We can see that its gross profit grew more quickly than its overall revenue in its most recent 12-month period.UiPath’s IPO filing suggests robotic process automation is booming | Alex Wilhelm | March 26, 2021 | TechCrunch
The gross profit was just under $95 million in 2020, compared to just under $70 million in 2019.Semrush plans to go public after posting big 2020 growth | Barry Schwartz | March 2, 2021 | Search Engine Land
What is the right KPI for us is the gross profit as it shows the monetization of Jumia.Jumia co-CEO Jeremy Hodara talks African e-commerce and his company’s path to profitability | Tage Kene-Okafor | February 26, 2021 | TechCrunch
In the first six months of 2020, the company had subscription revenues of $234 million and a gross profit of $178 million.Vista-owned backup and recovery company Datto files to go public | Ron Miller | September 30, 2020 | TechCrunch
British Dictionary definitions for gross profit
accounting the difference between total revenue from sales and the total cost of purchases or materials, with an adjustment for stock
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012