Gross margin (or gross profit) is the amount left over after the cost of sales is subtracted from net sales.

Name: Gross margin (or gross profit) is the amount left over after the cost of sales is subtracted from net sales.
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Question

Quizplus · Accepted Answer

Gross margin is calculated by subtracting the cost of goods sold from the net sales. This represents the amount of revenue that is available to cover operating expenses and generate profit.

Gross Margin (Or Gross Profit) Is the Amount Left Over