Gross profit may also be referred to as gross income.

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Amanda Barbosa
Question 4 of 18
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Gross profit may also be referred to as gross income.

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Retail Sales: Fundamental Formulas You Should Know
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Why?

The gross profit, or gross income, is what a company makes after deducting the costs associated with creating and selling its products or providing its services.
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Watch the following video for a quick example of how to calculate it: https://www.youtube.com/watch?v=_5bZ1sAPU-w
Source: "Gross Profit" by Adam Hayes on investopedia.com

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