Gross profit is an accounting calculation of expenses subtracted from total sales. In other words if a company sold $100 worth of pencils in a month and it cost them $20 to manufacture, sell and pay for labor, then the gross profit is $80.
Gross profit is an accounting calculation of expenses subtracted from total sales. In other words if a company sold $100 worth of pencils in a month and it cost them $20 to manufacture, sell and pay for labor, then the gross profit is $80.