In accounting, gross profit, gross margin, sales prof... - dofaq.co
gross profit

In accounting, gross profit, gross margin, sales prof...

wikipedia - 02 Aug 2015
In accounting, gross profit, gross margin, sales profit, or credit sales is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments. This is different from operating profit (earnings before interest and taxes). Gross margin is the term normally used in the U.S., while gross profit is the more common usage in the UK and Australia.

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