Gross profit
What Gross profit means in Business GCSE, as defined for AQA, Pearson Edexcel.
Definitions of Gross profit
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Reference: Pearson Edexcel
The financial reward calculated as sales revenue minus cost of sales, focusing purely on the direct costs of making or buying a product.
The profit a company makes after deducting the costs associated with making and selling its products.
Topics that use Gross profit
- Business planning (AQA GCSE)
- Business calculations (Pearson Edexcel GCSE)
Related terms
- Cost of sales
- Net Profit
- Accuracy and limitations of forecasting
- Average rate of return
- Break-even
- Business plan
- Cash Flow
- Cash Flow Forecast
Using Gross profit in the exam
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