Increasing operating revenue while keeping cost of merchandise sold the same will increase gross profit.

Name: Increasing operating revenue while keeping cost of merchandise sold the same will increase gross profit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross profit is calculated as operating revenue minus the cost of merchandise sold; therefore, if operating revenue increases while the cost of merchandise sold remains constant, gross profit will increase.

Increasing Operating Revenue While Keeping Cost of Merchandise Sold the Same