Gross Profit

(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)

Gross profit or sales profit or gross operating profit is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments.In general, it is the profit shown on a transaction if one disregards the indirect costs. It is the revenue that remains once one deducts the costs that arise only from the generation of that revenue. For a retailer, gross profit is the shop takings less the cost of the goods sold. For a manufacturer, the direct costs are the costs of the materials and other consumables used to make the product. For example, the cost of electricity to operate a machine is often a direct cost while the cost of lighting the machine room is an overhead. Payroll costs may also be direct if the workforce is paid a unit cost per manufactured item. For this reason, service industries that sell their services by time units often treat the fee-earners' time cost as a direct cost.
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Noun
1. (finance) the net sales minus the cost of goods and services sold
(synonym) gross profit margin, margin
(hypernym) net income, net, net profit, lucre, profit, profits, earnings
(classification) corporate finance

Sales minus the cost of goods sold.