Profit from operations for a merchandising company is net sales less
A)operating expenses.
B)cost of goods sold.
C)sales discounts and cost of goods sold.
D)operating expenses and cost of goods sold.

Question

Quizplus · Accepted Answer

Profit from operations for a merchandising company is calculated by subtracting both operating expenses and cost of goods sold from net sales.

Profit from Operations for a Merchandising Company Is Net Sales