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Gross Profit

The total amount of sales (sales/ revenues) that a business generates minus the total cost of the goods sold (COGS)....

LFL

It stands for like for like; in retail business, it refers to a comparison between two activities, results, indicators, etc.,...

Like for Like

In retail business, it refers to a comparison between two activities, results, indicators, etc., using the same measures or factors...

Salesy

A term describing a salesperson who follows an aggressive, pushy and superficial approach in sales. The tactics of a salesy...

Net Credit Sales

The amount that results from deducting cash sales from total sales. In other words, it is equal to the net...

Iwad

An Arabic term (عوض) that denotes compensation or remuneration. In the context of Islamic financial and commercial transactions, it refers...

Returns Inwards

Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...

Sales Returns

Goods which are returned to the business (entity) by its customers for whatever reason (defective or damaged goods, different goods...

Returns

It refers to all types of returns, whether returns outwards (purchases returns) or returns inwards (sales returns). By definition, returns...

PM

It stands for profit margin; a profitability measure which relates net income to sales: For example, if net income and...