2007-01-30 12:33:36 · 6 answers · asked by KARL B 1 in Business & Finance ➔ Careers & Employment
Profit = Revenues - costs (labor, materials, merchandise, overhead etc )
2007-01-30 12:39:18 · answer #1 · answered by kate 7 · 0⤊ 0⤋
Gross profit or sales profit or gross operating profit is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments.
2007-01-31 11:54:20 · answer #2 · answered by How 1 · 0⤊ 0⤋
What????
Gross profit doesn't need to be worked out!
That is the sum prior to any deductions.
From Gross profit you deduct costs to get net profit.
2007-01-30 20:42:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Gross Sales Cost - (Your Cost + burden) = Gross Profit
2007-01-30 20:37:31 · answer #4 · answered by Michael 2 · 0⤊ 0⤋
Hi Karl
Gross profit.. means all your income before any deductions have been made
2007-01-30 21:04:37 · answer #5 · answered by healer 5 · 0⤊ 0⤋
sales - cost of sales
2007-01-30 20:37:36 · answer #6 · answered by Bobert 2 · 0⤊ 0⤋