diff --git a/erpnext/controllers/selling_controller.py b/erpnext/controllers/selling_controller.py
index 1e0a48c..b696ac3 100644
--- a/erpnext/controllers/selling_controller.py
+++ b/erpnext/controllers/selling_controller.py
@@ -361,7 +361,7 @@
 					self.po_no = ', '.join(list(set([d.po_no for d in po_nos if d.po_no])))
 
 	def set_gross_profit(self):
-		if self.doctype == "Sales Order":
+		if self.doctype in ["Sales Order", "Quotation"]:
 			for item in self.items:
 				item.gross_profit = flt(((item.base_rate - item.valuation_rate) * item.stock_qty), self.precision("amount", item))
 
diff --git a/erpnext/public/js/controllers/transaction.js b/erpnext/public/js/controllers/transaction.js
index 637d3b3..524a958 100644
--- a/erpnext/public/js/controllers/transaction.js
+++ b/erpnext/public/js/controllers/transaction.js
@@ -1711,7 +1711,7 @@
 	},
 
 	set_gross_profit: function(item) {
-		if (this.frm.doc.doctype == "Sales Order" && item.valuation_rate) {
+		if (["Sales Order", "Quotation"].includes(this.frm.doc.doctype) && item.valuation_rate) {
 			var rate = flt(item.rate) * flt(this.frm.doc.conversion_rate || 1);
 			item.gross_profit = flt(((rate - item.valuation_rate) * item.stock_qty), precision("amount", item));
 		}
diff --git a/erpnext/selling/doctype/quotation/quotation.py b/erpnext/selling/doctype/quotation/quotation.py
index 7cfec5a..0e771c3 100644
--- a/erpnext/selling/doctype/quotation/quotation.py
+++ b/erpnext/selling/doctype/quotation/quotation.py
@@ -197,9 +197,9 @@
 	cond = "qo.docstatus = 1 and qo.status != 'Expired' and qo.valid_till < %s"
 	# check if those QUO have SO against it
 	so_against_quo = """
-		SELECT 
+		SELECT
 			so.name FROM `tabSales Order` so, `tabSales Order Item` so_item
-		WHERE 
+		WHERE
 			so_item.docstatus = 1 and so.docstatus = 1
 			and so_item.parent = so.name
 			and so_item.prevdoc_docname = qo.name"""
diff --git a/erpnext/selling/doctype/quotation_item/quotation_item.json b/erpnext/selling/doctype/quotation_item/quotation_item.json
index d50397c..59ae7b2 100644
--- a/erpnext/selling/doctype/quotation_item/quotation_item.json
+++ b/erpnext/selling/doctype/quotation_item/quotation_item.json
@@ -48,6 +48,10 @@
   "base_net_amount",
   "pricing_rules",
   "is_free_item",
+  "section_break_43",
+  "valuation_rate",
+  "column_break_45",
+  "gross_profit",
   "item_weight_details",
   "weight_per_unit",
   "total_weight",
@@ -602,12 +606,40 @@
    "label": "Against Blanket Order",
    "no_copy": 1,
    "print_hide": 1
+  },
+  {
+   "fieldname": "section_break_43",
+   "fieldtype": "Section Break"
+  },
+  {
+   "fieldname": "valuation_rate",
+   "fieldtype": "Currency",
+   "label": "Valuation Rate",
+   "no_copy": 1,
+   "options": "Company:company:default_currency",
+   "print_hide": 1,
+   "read_only": 1,
+   "report_hide": 1
+  },
+  {
+   "fieldname": "column_break_45",
+   "fieldtype": "Column Break"
+  },
+  {
+   "fieldname": "gross_profit",
+   "fieldtype": "Currency",
+   "label": "Gross Profit",
+   "no_copy": 1,
+   "options": "Company:company:default_currency",
+   "print_hide": 1,
+   "read_only": 1,
+   "report_hide": 1
   }
  ],
  "idx": 1,
  "istable": 1,
  "links": [],
- "modified": "2020-03-30 18:40:28.782720",
+ "modified": "2020-05-19 20:48:43.222229",
  "modified_by": "Administrator",
  "module": "Selling",
  "name": "Quotation Item",