Abstract

Anesha M

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 by subtracting the cost of goods sold from
revenue (sales). These figures can be found on a company's
income statement. Gross profit may also be referred to as
sales profit or gross income.