Gross margin is defined as gross profit:
A) minus total operating expenses.
B) divided by net sales revenues.
C) divided by cost of sales.
D) minus net income.

Name: Gross margin is defined as gross profit: A) minus total operating expenses. B) divided by net sales revenues. C) divided by cost of sales. D) minus net income.
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Question

Quizplus · Accepted Answer

Gross margin is defined as gross profit divided by net sales revenues, which shows the percentage of sales revenue remaining after deducting the cost of goods sold.

Gross Margin Is Defined as Gross Profit