The difference between net sales and cost of goods sold is:
A)net income
B)net revenues
C)gross profit
D)general income
E)gross revenues

Name: The difference between net sales and cost of goods sold is: A)net income B)net revenues C)gross profit D)general income E)gross revenues
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Question

Quizplus · Accepted Answer

The difference between net sales and cost of goods sold is known as gross profit. This figure represents the profit a company makes after deducting the costs associated with making and selling its products or services.

The Difference Between Net Sales and Cost of Goods Sold