Gross profit is equal toA) sales plus cost of goods soldB) sales plus selling expensesC) sales less selling expensesD) sales less cost of goods sold

Question

Zybrea Knight · Accepted Answer

Final Answer : D, Explanation :  Gross profit is the amount of revenue that remains after deducting the cost of goods sold. Therefore, it is equal to sales minus cost of goods sold.

Gross profit is equal to

A) sales plus cost of goods sold
B) sales plus selling expenses
C) sales less selling expenses
D) sales less cost of goods sold

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Learning Objectives

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