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What is Gross Profit - How to Calculate Gross Profit - Gross Profit
What is Gross Profit - How to Calculate Gross Profit - Gross Profit
Published: 2016/06/18
Channel: Financial Education
How to calculate Gross Profit (aka Gross Margin)
How to calculate Gross Profit (aka Gross Margin)
Published: 2013/07/11
Channel: Edspira
Gross Profit Margin Ratio, Defined and Explained
Gross Profit Margin Ratio, Defined and Explained
Published: 2013/07/12
Channel: Edspira
SAS TV #2 What
SAS TV #2 What's the difference between Gross Profit and Net Profit
Published: 2012/03/15
Channel: SASTVUK
Gross and operating profit | Stocks and bonds | Finance & Capital Markets | Khan Academy
Gross and operating profit | Stocks and bonds | Finance & Capital Markets | Khan Academy
Published: 2011/04/01
Channel: Khan Academy
Understanding Gross Profit
Understanding Gross Profit
Published: 2016/01/08
Channel: United Medical Transportation Providers Group
Business Calculations & Accounting : How to Calculate Gross Profit
Business Calculations & Accounting : How to Calculate Gross Profit
Published: 2009/07/06
Channel: eHow
Money Math Minute-Gross Profit and Net Profit
Money Math Minute-Gross Profit and Net Profit
Published: 2014/10/21
Channel: Coach Bill Gilliland
Why is gross profit so important? Client Question- David C Barnett- Small Business Analysis
Why is gross profit so important? Client Question- David C Barnett- Small Business Analysis
Published: 2016/04/24
Channel: David Barnett
Profitability Ratios Tutorial 4 : The Gross Profit Ratio Part 1
Profitability Ratios Tutorial 4 : The Gross Profit Ratio Part 1
Published: 2015/03/19
Channel: Macs Finance
The difference between Gross Profit and Net Profit | Business Tips
The difference between Gross Profit and Net Profit | Business Tips
Published: 2016/09/14
Channel: Zlogg Accounting
Gross Profit Definition - What is Gross Profit?
Gross Profit Definition - What is Gross Profit?
Published: 2017/01/17
Channel: Accounting Instruction, Help, & How To
Financial Accounting: Net Sales and Gross Profit
Financial Accounting: Net Sales and Gross Profit
Published: 2015/01/29
Channel: ProfAlldredge
How To Compute Gross Profit
How To Compute Gross Profit
Published: 2011/04/06
Channel: Two-Point-Four
Gross profit Meaning
Gross profit Meaning
Published: 2015/05/01
Channel: ADictionary
How To Calculate Gross Profit In Excel
How To Calculate Gross Profit In Excel
Published: 2015/10/12
Channel: Activia Training
Gross Profit Method To Determine Ending Inventory (Also Called Gross Margin Method)
Gross Profit Method To Determine Ending Inventory (Also Called Gross Margin Method)
Published: 2012/11/20
Channel: Allen Mursau
What is Gross Profit
What is Gross Profit
Published: 2014/08/20
Channel: Hilosoft
Turnover, Gross Profit, Net Profit, EBITDA and EBIT
Turnover, Gross Profit, Net Profit, EBITDA and EBIT
Published: 2013/11/28
Channel: Quentin Pain
Gross Profit % and Net Income % Example
Gross Profit % and Net Income % Example
Published: 2015/04/04
Channel: Finance & Accounting Videos by Prof Coram
What Is Gross Profit And How To Calculate A Good Percentage
What Is Gross Profit And How To Calculate A Good Percentage
Published: 2016/06/12
Channel: BAChefUK
Retail Tip: Gross Profit Margin
Retail Tip: Gross Profit Margin
Published: 2011/09/08
Channel: cbclearningcenter
Income Statement, Cont
Income Statement, Cont'd: Cost of Goods Sold, Gross Profit, Expenses
Published: 2013/06/09
Channel: Alex Glassey
Why You Don
Why You Don't Hold Gross Profit!
Published: 2016/01/28
Channel: Alan Dickie
How to Calculate Your Gross Profit Margin Percentage
How to Calculate Your Gross Profit Margin Percentage
Published: 2016/07/16
Channel: Rob Warlow
Math in Daily Life : How to Calculate Gross Profit Margin
Math in Daily Life : How to Calculate Gross Profit Margin
Published: 2008/11/21
Channel: eHow
Gross Profit Method
Gross Profit Method
Published: 2011/02/04
Channel: Denise Dodson
Gross Margin and Gross Margin Percentage Explained
Gross Margin and Gross Margin Percentage Explained
Published: 2015/08/25
Channel: BizOwner Training
Gross Profit Calculator
Gross Profit Calculator
Published: 2010/08/18
Channel: Richard Pett
Gross Profit & Gross Profit Margin on the Income Statement
Gross Profit & Gross Profit Margin on the Income Statement
Published: 2012/04/08
Channel: Perfect Stock Alert
Gross Profit Income Statement - Accounting video
Gross Profit Income Statement - Accounting video
Published: 2011/01/02
Channel: Brian Routh TheAccountingDr
Gross Profit Equation (Calculating Gross Profit Percentage, Selling Price Vs Cost Markup)
Gross Profit Equation (Calculating Gross Profit Percentage, Selling Price Vs Cost Markup)
Published: 2012/11/21
Channel: Allen Mursau
Calculating Gross Profit Tip of the Week 6.8.2010
Calculating Gross Profit Tip of the Week 6.8.2010
Published: 2010/06/08
Channel: cbclearningcenter
12. Assigning Costs to Inventory Using the Gross Profit Method
12. Assigning Costs to Inventory Using the Gross Profit Method
Published: 2012/06/16
Channel: Red River College - Tutoring
Using Gross Profit Percentage
Using Gross Profit Percentage
Published: 2013/10/19
Channel: Bessy Gurian
Contribution Margin - Gross Profit
Contribution Margin - Gross Profit
Published: 2013/03/15
Channel: Mogens Thomsen
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
Published: 2012/09/08
Channel: Allen Mursau
Retail Tip  Gross Profit Margin   YouTube
Retail Tip Gross Profit Margin YouTube
Published: 2014/08/04
Channel: Mike Anderson
Intermediate Accounting 32 Deferred Gross Profit,  Installment Sales
Intermediate Accounting 32 Deferred Gross Profit, Installment Sales
Published: 2012/03/06
Channel: AccountingED
Gross Profit Percentage
Gross Profit Percentage
Published: 2015/08/10
Channel: Rutgers Accounting Web
Income Statement; Gross Profit Percent; Inventory Turnover - Accounting video
Income Statement; Gross Profit Percent; Inventory Turnover - Accounting video
Published: 2011/01/04
Channel: Brian Routh TheAccountingDr
Gross Profit method for inventory- Intermediate Accounting cpa exam ch 9 example
Gross Profit method for inventory- Intermediate Accounting cpa exam ch 9 example
Published: 2013/11/16
Channel: Farhat's Accounting Lectures
receivable and inventory ratio, gross profit percentage ch 15 p 5- financial accounting CPA exam
receivable and inventory ratio, gross profit percentage ch 15 p 5- financial accounting CPA exam
Published: 2016/01/02
Channel: Farhat's Accounting Lectures
How To Calculate Gross Profit (GP)
How To Calculate Gross Profit (GP)
Published: 2017/05/10
Channel: 5-Minute Classes
Installment Sales Method (Gross Profit Percentage, Deferred Gross Profit Vs Realized Gross Profit)
Installment Sales Method (Gross Profit Percentage, Deferred Gross Profit Vs Realized Gross Profit)
Published: 2013/06/05
Channel: Allen Mursau
Installment Sales Method (Interest Earned, Principal, Installment Receivable, Realized Gross Profit)
Installment Sales Method (Interest Earned, Principal, Installment Receivable, Realized Gross Profit)
Published: 2013/06/08
Channel: Allen Mursau
Inventory & Cost of Goods Sold - Gross Profit Method
Inventory & Cost of Goods Sold - Gross Profit Method
Published: 2015/11/30
Channel: Brian Routh TheAccountingDr
Gross Profit Margins and Investors 101
Gross Profit Margins and Investors 101
Published: 2016/02/25
Channel: Start on Purpose
Gross Profit Method (Gross Profit As Percent Of Sales Vs Gross Profit Markup On Cost)
Gross Profit Method (Gross Profit As Percent Of Sales Vs Gross Profit Markup On Cost)
Published: 2012/11/22
Channel: Allen Mursau
Gross Profit Method Estimating Ending Inventory
Gross Profit Method Estimating Ending Inventory
Published: 2014/11/13
Channel: Lynnette Yerbury
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WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
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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.,[1] while gross profit is the more common usage in the UK and Australia.

The various deductions (and their corresponding metrics) leading from net sales to net income are as follows:

Net sales = gross sales – (customer discounts + returns + allowances)
Gross profit = net salescost of goods sold
Gross profit percentage = [(net salescost of goods sold)/net sales] × 100%.
Operating profit = gross profit – total operating expenses
Net income (or net profit) = operating profit – taxes – interest

(Note: Cost of goods sold is calculated differently for a merchandising business than for a manufacturer.)

See also[edit]

References[edit]

  1. ^ Horngren, Charles (2011). Accounting, 9th Edition. Upper Saddle River, New Jersey 07458: Prentice Hall. ISBN 0132569051. 

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