Gross Profit is the difference between
A)Net Sales and Cost of goods sold .
B)PAT and Dividends .
C)Net Sales and Cost of production .
D)Net Sales and Direct costs of productions

Question

Quizplus · Accepted Answer

Gross Profit is calculated by subtracting the Cost of Goods Sold (COGS) from Net Sales, which represents the revenue from selling goods minus the cost to produce or purchase those goods.

Gross Profit Is the Difference Between