Assertion: gross profit | /r/HasProperty | total revenue
Facets:
value: less the cost
type: OTHER
value: simply
type: MANNER
value: minus the expenses
type: OTHER
Source sentences:
text: Key Takeaways Gross profit is the total revenue minus the expenses directly related to the production of goods for sale, called the cost of goods sold.
text: Since gross profit is simply total revenues less cost of goods sold, you can substitute it for revenues.
text: Gross Profit is the total amount of revenue a company generates after selling its products and services, less the cost that was incurred in producing and selling those products and services.
text: Gross profit is the total revenue less only those expenses directly related to the production of goods for sale, called the cost of goods sold (COGS).
text: Gross profit is total revenue minus costs of goods sold (COGS).
text: One can use the gross profit to calculate net income, gross profit is total revenue minus cost of goods sold.
text: Operating income can also be calculated by deducting operating expenses from gross profit; gross gross profit is total revenue minus cost of goods sold (COGS_.