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    Gross Profit – What it is and How to Calculate it?

    Published on April 10, 2023 by Stephanie Milne

    In accounting terms, when we talk about gross profit, we are referring to the income that a business has left over after paying all the direct costs related to manufacture of a product. The formula to calculate gross profit is: Let’s remind ourselves what some of those terms mean. REVENUE When a business sells a […]

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