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gross profit

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noun

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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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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British Dictionary definitions for gross profit

gross profit

noun

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
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