Definition: The difference between what an item cost and for what it sells.
Also Known As: Gross Percentage of Profit, Margin
Examples: Total Sales - Cost of Goods Sold = Gross Margin
By Shari Waters, About.com
Start your new business on the right foot with these helpful tips. More >
Easy steps to take control of your credit card debt. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.