asked 35.2k views
0 votes
What is gross profit?

What is gross profit?-example-1
asked
User Lnetanel
by
7.8k points

1 Answer

2 votes

Answer:

The money left over the cost of making a product or providing a service.

Step-by-step explanation:

In other words its the profit you get after you deduct the money spent on producing a product or providing a service. Example: You have a company which is constructing bikes. Constructing cost 200 $, you sell it for 500$. So you have 300 $ of gross profit per bike.

answered
User Therealsachin
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.