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Which of the Following Calculations Leads to Gross Margin

Question 2

Multiple Choice

Which of the following calculations leads to gross margin?


A) Add customer returns and customer allowances, then subtract the total from net sales
B) Add operating and interest expenses together and subtract that total from gross sales
C) Subtract cost of goods sold from gross sales
D) Subtract cost of goods sold from net sales
E) Subtract net profit from net sales

Correct Answer:

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