Which of the following calculations leads to gross margin?
A) Add operating and interest expenses together and subtract that total from gross sales
B) Subtract net profit from net sales
C) Subtract cost of goods sold from gross sales
D) Add customer returns and customer allowances, then subtract the total from net sales
E) Subtract cost of goods sold from net sales

Question

Quizplus · Accepted Answer

The Answer of Which of the following calculations leads to gross margin?
A) Add operating and interest expenses together and subtract that total from gross sales
B) Subtract net profit from net sales
C) Subtract cost of goods sold from gross sales
D) Add customer returns and customer allowances, then subtract the total from net sales
E) Subtract cost of goods sold from net sales

Which of the Following Calculations Leads to Gross Margin