Gross Profit Equivalent to total sales, it is a company's total revenue minus the cost of goods sold; the profit a company makes after deducting the costs associated with making and selling its products or the costs associated with providing its services. Home Resources Startup Law Dictionary Gross Profit Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :