Gross profit is equivalent to

Name: Gross profit is equivalent to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross profit is calculated by subtracting the cost of goods sold (COGS) from total sales. It represents the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit is also referred to as sales margin or simply margin, indicating the choices A, B, and C are all correct descriptions of gross profit.

Gross Profit Is Equivalent to