What is the term applied to the excess of sales over the cost of goods sold?

Question

Quizplus · Accepted Answer

Gross profit is the term used to describe the excess of sales over the cost of goods sold. It is calculated by subtracting the cost of goods sold from the total revenue or sales generated by a business. This figure represents the amount of money a company has left over after paying for the direct costs associated with manufacturing or purchasing its products.

What Is the Term Applied to the Excess of Sales