Gross profit is the money left over from sales after subtracting the cost of making or buying the product. It shows how much money a company is making before including other expenses like rent or salaries. Full definition
Set pricing strategies to provide most competitive pricing for tier one products and increasing remaining tiers to achieve an overall immediate 1 % increase in gross profit margins. (resumemycareer.com)
Your cost of selling $ 1,000 in retail goods could easily be $ 700, leaving you $ 300 in gross profit available for $ 1000 in overhead costs. (entrepreneur.com)
The income method is arrived at by adding up total compensation to employees, gross profits for incorporated and non incorporated firms, and taxes less any subsidies from the government. (cnbc.com)