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Gross Profit Definition and Formula | Under 3 Minutes! | Finance Strategists

Gross Profit is a “Profitability Ratio” used by investors, analysts, and company management to show how efficiently a company produces an item. It monitors the manufacturing process by subtracting the cost of production, also known as Cost of Goods Sold, from revenue. A higher gross profit indicates that the company is becoming more efficient in producing the product or is selling products for higher prices. _______________________ 0:00 Gross Profit Definition 0:15 Gross Profit Formula 0:35 Cost of Goods Sold (COGS) 0:58 Cost of Goods Sold vs Operating Expenses 1:31 How to Calculate the 3 Main Levels of Profit 1:51 Gross Profit vs Gross Profit Margin 2:13 Gross Profit Question & Application _______________________ Talk with an advisor by emailing [email protected] Learn more by visiting the page: https://www.financestrategists.com/te... Check out the main Finance Strategists YouTube Page here:    / @financestrategists4468   _______________________ Message from the founder: Here at Finance Strategists, we believe one of the best ways you can help someone is with their finances. We create helpful informational videos and content to help people take control of their finances. Finance Strategists plans to launch "Finance Strategists for Kids" where we teach fundamental financial concepts to kids in a clear manner allowing them to generate margin in their lives to bless other people. We believe raising up a generation of leaders with financial freedom can change individual lives, neighborhoods, countries, and the world. _________________________ 🔔 Hit the bell next to Subscribe so you don't miss a video! 📧 Fill out this form to receive the "Finance Word of the Day" in your inbox! 👨🏻‍💻 Watch our newest vids! - https://bit.ly/FS-Recently-Added 💃 To book Ranie for voiceover or spokeswoman, email [email protected] _________________________ Follow us on Socials: Website: FinanceStrategists.com Instagram: @financetrategists Twitter: @FinStrategists LinkedIn: https://bit.ly/FS-linkedin Facebook: https://bit.ly/Facebook-FS