The lower the cost of sales compared to ________, the higher the gross profit.
A) assets
B) revenue
C) gross margin
D) operating expenses

Name: The lower the cost of sales compared to ________, the higher the gross profit. A) assets B) revenue C) gross margin D) operating expenses
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Question

Quizplus · Accepted Answer

Gross profit is calculated by subtracting the cost of sales from revenue. Therefore, the lower the cost of sales compared to revenue, the higher the gross profit.

The Lower the Cost of Sales Compared to ________, the Higher