Economics B A-Level
Gross profit
What Gross profit means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Gross profit
Check what you remember
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Reference: Pearson Edexcel
Calculated by deducting the cost of sales, such as direct costs like raw materials, from sales revenue.
Topics that use Gross profit
- Profit and loss (Pearson Edexcel A-Level)
Related terms
- Financial performance
- Gross profit margin
- Market entry
- Market exit
- Operating profit
- Operating profit margin
- Profit for the year margin
- Profitability
Using Gross profit in the exam
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