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    mvirgin_62's Avatar
    mvirgin_62 Posts: 1, Reputation: 1
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    #1

    Nov 13, 2013, 07:36 AM
    What is gross profit
    What is gross profit
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    Nov 13, 2013, 10:33 AM
    Gross profit = net sales minus cost of goods sold. It does not take into account operating expenses, interest, or taxes.
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