Home > Glossary > G > Gross Profit
Illustration

Gross Profit

Gross profit is the difference between revenue and the cost of goods sold (COGS). It shows how much money a business makes from its core operations before deducting overhead, salaries, or other expenses. Gross profit helps assess production efficiency and pricing strategy.

More Items

Goods and Services Tax (GST)

A 10% broad-based consumption tax applied to most goods and services in Australia. Businesses registered for GST must report input…

Gift Aid

A UK tax relief mechanism allowing charities to reclaim basic-rate income tax on donations made by UK taxpayers, increasing the…

Generally Accepted Accounting Principles (GAAP)

The standardized set of rules and procedures issued by the Financial Accounting Standards Board (FASB) that US public companies must follow when…