Definition of "gross profit" []

• The difference between net sales and the cost of goods sold (noun)

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• "Remember that the prebreak gross profit participant only receives his or her participation with respect to adjusted gross receipts after cash breakeven."
• "In 1982 Merban and its joint venture with Crédit Lyonnais each expected to earn close to $1.5 million gross profit from its operations in Eastern Euope."
• "After deducting the studio’s actual out-of-pocket costs and the additional deductions or imputed costs, at the point at which the studio breaks even, it reports a net unrecouped amount of $49 million to the prebreak gross profit participant."