Gross Profit March 6, 2017 by Stuart Cullen Table of Contents Gross Profit Description and Definition of Gross Profit The amount by which net sales exceed the cost of goods sold. Resources See Also Further Reading Gross Profit in the West's Tax Law Dictionary Gross Profit in “A Dictionary of Taxation” Related Entries in the American Tax Encyclopedia: Noncontributory Qualified Pension Or Profit-sharing Plan 401 (k) Plan Keogh Plan Defined-contribution Plan Deferred Contribution Plan Gross Profit Ratio Gross Profit Percentage Gross Income Gross Estate Gross Amount Gross Earnings Gross Production Tax Gross Receipts Gross Dividends Gross Income Test Adjusted Gross Income Profit Deduction from Adjusted Gross Income Profit Motive Net Profit Modified Adjusted Gross Income Not-for-profit Organization Windfall Profit Tax Unrealized Profit Ordinary Gross Income