Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold.
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Accumulated profits tax
Accumulated profits tax A tax on earnings kept in a firm to prevent the higher personal income tax rate that would obtain if profits were paid out as dividends to the owners.
Book profit
Book profit The cumulative book income plus any gain or loss on disposition of assets.
Excess profits tax
Excess profits tax Additional federal taxes placed on the earnings of a business, used only in time of national emergency such as war.