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Learn how to calculate gross profit efficiently. Discover its formula and master the essential method for assessing business profitability effectively. Guide to Gross Profit Formula . Here we will learn how to calculate Gross Profit with examples, calculator & downloadable excel template. Gross profit , also called gross income, is a company's profit after the cost of goods sold has been subtracted from the revenue. Learn how to calculate gross profit , the difference between sales revenue and cost of goods sold, and how to use it to measure profitability. Download a free template and access additional resources on accounting and finance.