In
accounting,
gross profit or
sales profit or "credit sales" is the difference between
revenue and the cost of making a product or providing a service, before deducting
overhead,
payroll,
taxation, and
interest payments. Note that this is different from
operating profit (earnings before interest and taxes). Note also that
gross margin is the term normally used in the U.S., while
gross profit is the more common usage in the UK and Australia.