Gross profit, abbreviated as GP, also called profit margin, measures the amount of sales that exceded the cost of the goods sold.
gross profit Formula |
| \(\large{ GP = NS - COGS }\) |
| Symbol |
| \(\large{ GP }\) = gross profit |
| \(\large{ COGS }\) = cost of goods sold |
| \(\large{ NS }\) = net sales |
