Gross profit is calculated as the difference between net sales revenue and ________.
A) purchase expense
B) cost of goods sold
C) cost of merchandise inventory
D) operating expenses

Name: Gross profit is calculated as the difference between net sales revenue and ________. A) purchase expense B) cost of goods sold C) cost of merchandise inventory D) operating expenses
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Question

Quizplus · Accepted Answer

Gross profit is calculated as net sales revenue minus the cost of goods sold.

Gross Profit Is Calculated as the Difference Between Net Sales