gross receipts less the cost of goods or production but before the deduction of such other costs as rent or salaries.
Words nearby gross profit
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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