When the cost of a product is matched with its sales revenue, the result (difference) is called:
A) net operating income.
B) gross margin.
C) cost of goods sold.
D) cost of goods manufactured.

Question

Quizplus · Accepted Answer

The difference between the sales revenue and the cost of the product is called gross margin. Gross margin is a measure of profitability that indicates how much money is left after deducting the cost of goods sold from the revenue. It is calculated by dividing gross profit by revenue.

When the Cost of a Product Is Matched with Its