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What is gross profit?

What is gross profit?-example-1
User Lnetanel
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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.

User Therealsachin
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