The formula for calculating gross margin is
A) net sales minus the cost of the goods sold.
B) gross sales plus the cost of goods sold.
C) net sales minus gross sales plus the cost of goods sold.
D) gross sales minus the cost of goods sold.
E) net sales plus the cost of goods sold.

Question

Quizplus · Accepted Answer

Gross margin, also called gross profit, is the net sales minus the cost of the goods sold.

The Formula for Calculating Gross Margin Is