Gross profit is
A)a measure of the overall net income of a company.
B)is expressed as a percentage of gross sales.
C)also called gross margin.
D)the same as gross profit margin.

Name: Gross profit is A)a measure of the overall net income of a company. B)is expressed as a percentage of gross sales. C)also called gross margin. D)the same as gross profit margin.
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Question

Quizplus · Accepted Answer

Gross profit is also referred to as gross margin, which is the difference between sales and the cost of goods sold.

Gross Profit Is