When the cost of a product is matched with its sales price,the result (difference)is called:

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Gross margin is the result obtained when the cost of a product is subtracted from its sales price. It represents the profit earned from the sale of the product. Net income is the profit after deducting all expenses, including those not directly related to the production of the product. Cost of goods sold refers to the cost of manufacturing or acquiring the product, while cost of goods manufactured specifically refers to the cost of producing the product. Therefore, the difference between the cost and sales price of a product is best described as the gross margin.

When the Cost of a Product Is Matched with Its