Another term for gross profit is:

Question

Quizplus · Accepted Answer

Gross profit is often referred to as gross margin, which is the amount of revenue that remains after accounting for the cost of goods sold. Option A, "gross income," refers to a broader measure of income that includes all revenue without deducting any expenses. Option B, "gross sales," refers to the total amount of sales made by a company, without accounting for any expenses or deductions. Option D, "gross operating income," would include all revenue and expenses related to the company's operations, not just the cost of goods sold.

Another Term for Gross Profit Is