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explicit definition
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profit margin
profit margin
/ˈprɒfɪt ˈmɑrdʒɪn/
noun
(
)
The ratio gross profits divided by net sales
(
gross margin
,
margin of profit
,
profit margin
)
the ratio gross profits divided by net sales
The company's profit margin increased due to cost-cutting measures.
The company's profit margin increased due to cost-cutting measures.
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