Once you know your ________ you can calculate gross profit.
A) Cost of goods sold
B) Unit of sale
C) Gross cost
D) Profit
E) Fixed costs

Name: Once you know your ________ you can calculate gross profit. A) Cost of goods sold B) Unit of sale C) Gross cost D) Profit E) Fixed costs
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Question

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Gross profit is calculated by subtracting the cost of goods sold from the revenue generated by the sales. Therefore, knowing the cost of goods sold is essential in calculating the gross profit.

Once You Know Your ________ You Can Calculate Gross Profit