Gross Profit is calculated as "sales less all costs directly attributable to those sales" These costs might include, for example, raw materials and manufacturing labour
The amount of profit available after deducting from sales the direct (variable) costs of labor and materials, plus the applicable costs of the factory overheads applied to the production of goods and services
A profit figure calculated by subtracting the cost of an item from its selling price, expressed as dollars and cents or as a percentage (See also markup, margin, net profit, spread )
(Economics) balance of a company's income with deductions for the cost of raw materials salaries and payments to contractors (but without deducting financing expenses, marketing, management, and taxes)
The surplus resulting from the deduction of the cost of manufacture from sales over a given period The cost of manufacture includes manufacturing overheads, but excludes selling, administration and financial expenses