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

Question

Quizplus · Accepted Answer

The term applied to the excess of net sales over the cost of goods sold is gross profit. It represents the amount of revenue that remains after deducting the direct expenses of producing and delivering the products or services, and before deducting the operating expenses of the business. Therefore, the correct choice is (D) Gross profit.

What Is the Term Applied to the Excess of Net