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WordNet-Online
Definitions from WordNet
Noun gross profit has 1 sense
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Definitions from the WebGross ProfitDefinition: Gross profit refers to the amount of money a company has remaining after deducting the cost of goods sold (COGS) from its total revenue. It represents the profitability of a company's core operations without taking into account other expenses such as overhead costs, taxes, or interest. Sense 1: AccountingAs an accounting term, gross profit is calculated by subtracting the cost of goods sold from the total revenue earned during a specific period. Example sentence: The company's gross profit for the second quarter was $1 million. Sense 2: BusinessIn business, gross profit is a key financial measure that indicates how efficiently a company manages its production costs and pricing strategies. Example sentence: The new pricing strategy led to an increase in the company's gross profit margin. Sense 3: InvestingIn investing, gross profit is often assessed to evaluate a company's overall financial health and performance, providing insights into its ability to generate revenue. Example sentence: Investors analyze the company's gross profit trend over time to assess its financial stability. Related Products:Explore related products on Amazon: | ||||
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