Tuesday, September 2, 2014
Financial Thought of The Day September 2, 2014: Gross Profit
Gross profit can be defined by the following formula: Sales-Cost of Goods Sold = Gross Profit. Gross profit is the amount of money a company has left over after selling what it has purchased for inventory. Gross profit can also be misleadingly called gross margin.
Posted by William Bias at 8:20 AM