Sales revenue less cost of goods sold is called

A) gross profit.
B) net profit.
C) net income.
D) marginal income.

Gross Profit

The difference between total revenue and the cost of goods sold, representing the basic profit from sales before deducting any operating expenses.

Sales Revenue

The total amount of income generated by the sale of goods or services before deducting any expenses.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company, including both materials and labor costs.