gross profit

Total sales revenue less the cost of the goods sold, no adjustment being made for additional expenses and taxes. Cf. net profit. [Cases: Internal Revenue 3175; Taxation 979, 996. C.J.S. Internal Revenue §§ 107–108, 110, 112; Taxation §§ 1732–1733.]

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词条贡献者

法律翻译Celia，毕业于新加坡知名法学院，专注翻译各类与酒店、博彩及休闲有关的法律文件。