Answer :
Operating revenue plus operating costs equals gross profit in a retail business.
gross profit, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It is calculated as the remainder of all revenues and gains less all expenses and losses for the period. Contrary to gross income, which merely deducts the cost of products sold from revenue, this is not the same thing. Net income for families and individuals is defined as income less taxes and other deductions. Net income can either be added to retained earnings by the company or given as a dividend to ordinary stockholders.
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