Question

what is gross profit

Answer 1

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement, and can be calculated with this formula: Gross profit = Revenue - Cost of Goods Sold.

Answer 2

Gross profit or net profit is the total profit,one get after subtracting every loss and capital used to invest.