What do you mean by Gross Profit?

1.	What do you mean by Gross Profit?
Answer» Excess of Unit Price over Unit Cost is known as the Unit Gross Profit or Unit Gross Margin. This represents the business’s profit from selling a product or providing service before deducting fixed expenses such as salaries, rent, and other expenses. Gross Profit = Unit Price — Unit Cost

Answer»

Excess of Unit Price over Unit Cost is known as the Unit Gross Profit or Unit Gross Margin. This represents the business’s profit from selling a product or providing service before deducting fixed expenses such as salaries, rent, and other expenses.

Gross Profit = Unit Price — Unit Cost

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What do you mean by Gross Profit?

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