Gross Profit Formula |
| \( GP \;=\; NS - COGS \) |
| Symbol |
| \( GP \) = Gross Profit |
| \( COGS \) = Cost of Goods Sold |
| \( NS \) = Net Sales |
Gross profit, abbreviated as GP, also called profit margin, measures the amount of sales that exceded the cost of the goods sold.
