The operating profit, which is calculated as gross profit, less operating expenses is called earnings before interest and taxes (EBIT).

Name: The operating profit, which is calculated as gross profit, less operating expenses is called earnings before interest and taxes (EBIT).
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Question

Quizplus · Accepted Answer

Operating profit is indeed calculated as gross profit minus operating expenses, and this figure is also referred to as earnings before interest and taxes (EBIT).

The Operating Profit, Which Is Calculated as Gross Profit, Less