Gross profit for a merchandising company equals the difference between sales and
A)operating expenses.
B)cost of goods sold.
C)net income.
D)cost of goods sold plus operating expenses.

Question

Quizplus · Accepted Answer

Gross profit for a merchandising company is calculated by subtracting the cost of goods sold (COGS) from sales. This figure represents the profit a company makes after deducting the costs associated with producing and selling its products.

Gross Profit for a Merchandising Company Equals the Difference Between