Business A-Level
gross profit
What gross profit means in Business A-Level, as defined for AQA.
Definition of gross profit
Check what you remember
Read the wording for your board, then hide it and explain gross profit in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Revenue less the cost of sales, so it reflects buying and making.
Topics that use gross profit
- Setting financial objectives (AQA A-Level)
Related terms
- control and motivation
- overtrading
- return on investment
- cash flow objectives
- operating profit
- profit for the year
- profit margins
- revenue, cost and profit targets
Using gross profit in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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