The difference between net sales and the cost of goods sold equals the _____.
A)net profit before taxes
B)total costs
C)operating expenses
D)gross profit

Question

Quizplus · Accepted Answer

The difference between net sales and the cost of goods sold is known as gross profit. Gross profit is the amount of money that a company earns after deducting the cost of goods sold. It represents the profits that a company makes before deducting operating expenses and taxes. Therefore, the correct answer is D) gross profit.

The Difference Between Net Sales and the Cost of Goods