The dollar profit left after all expenses, including financing costs and taxes, have been deducted from the firm's revenues is called:
A)gross profit
B)gross profit margin
C)net profit
D)net profit margin

Question

Quizplus · Accepted Answer

The dollar profit left after all expenses, including financing costs and taxes, have been deducted from the firm's revenues is called net profit. Gross profit is the profit left after deducting the cost of goods sold from revenues, and gross profit margin is gross profit expressed as a percentage of revenues. Net profit margin is net profit expressed as a percentage of revenues.

The Dollar Profit Left After All Expenses, Including Financing Costs