gross profit

(redirected from Gross Profits)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.
Related to Gross Profits: net sales, net profits, operating profits

gross profit

n
(Accounting & Book-keeping) accounting the difference between total revenue from sales and the total cost of purchases or materials, with an adjustment for stock
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.gross profit - (finance) the net sales minus the cost of goods and services sold
corporate finance - the financial activities of corporation
net income, net profit, profit, profits, earnings, lucre, net - the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
References in periodicals archive ?
For licensed betting offices or media platforms showing a gross profit on British horseracing of more than pounds 75,000 per year, a flat ten per cent charge of gross profits will apply.
The number-crunchers from the ministry have stayed true to the initial statement, that payment would be a percentage of bookmakers' gross profits from horse-race betting, rather than the turnover-based system that has been in place for over 30 years, and different from the 15 per cent of gross profits on all betting shop business that the government will take in return for the abolition of betting duty.
According to the latest Betting Office Licensees' Association newsletter, "early indications are that with a gross profits tax due to begin in October, the Bookmakers' Committee will propose a gross profit levy.