What is the term applied to the excess of net revenue from sales over the cost
Of merchandise sold?

Question

Quizplus · Accepted Answer

Gross profit is the excess of net revenue from sales over the cost of merchandise sold. It represents the amount of revenue that the company has left after covering the cost of goods sold. It is also known as gross margin or gross income.

B) Income from operations is the amount of profit that a company generates from its operations. It is calculated by subtracting operating expenses from gross profit. It represents the profitability of a company's core business activities.

C) Net income is the amount of profit that a company earns after deducting all expenses, including taxes and interest. It represents the overall profitability of the company.

D) Gross sales refer to the total revenue generated by a company from the sale of goods or services, without considering any discounts, returns or allowances. It does not take into account the cost of goods sold or any other expenses.

What Is the Term Applied to the Excess of Net