| 1. | Gross profit | ||
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1. In accounting, Gross profit = Net sales – Cost of goods sold. 2. When you say something is "gross" that disgusts you but then you say "profit" right after wards and your boss is happy. 1. The accounting department of the corporation calculated the Gross profit for the company.
2. The South Park Underpants Gnomes shouted "gross!" when they realized how many used underpants they had collected followed by a hearty/happy round of "profit!" when they realized their master plan was complete: "Step 1: Collect underpants Step 2: ??? Step 3: "Profit!" " |
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| 2. | Gross profit | ||
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(n.) Sales less COGS. Our gross profit is xx amount.
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