Gross margin is the difference between net sales and
A)net income.
B)cost of goods sold plus operating expenses.
C)operating expenses.
D)cost of goods sold.

Name: Gross margin is the difference between net sales and A)net income. B)cost of goods sold plus operating expenses. C)operating expenses. D)cost of goods sold.
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Question

Quizplus · Accepted Answer

Gross margin is calculated by subtracting the cost of goods sold from net sales. Therefore, the correct answer is D.

Gross Margin Is the Difference Between Net Sales and