What is the term applied to the excess of sales over the cost of goods sold?
A)gross sales
B)income from operations
C)net income
D)gross profit

Question

Quizplus · Accepted Answer

The term "gross profit" refers to the excess of sales over the cost of goods sold. It is calculated by subtracting the cost of goods sold from total sales, and it represents the profit a company makes after deducting the costs associated with making and selling its products.

What Is the Term Applied to the Excess of Sales