(economics/accounting) (gross profit/gross margin) Net sales less cost of goods sold (before consideration of selling and administrative expenses). Gross profit is expressed in dollar figures; gross margin is expressed as a percentage of net sales.
(U.S. Customs) For the purposes of constructed value in an antidumping duty investigation or review, the profit used is the profit normally earned by a producer, from the country of export, of the same or similar product as that under investigation. By statute, the amount of profit shall not be less than 8 percent of the sum of general expenses and cost. See dumping; countervailing duty.