________ is what remains when you subtract fixed and variable costs and taxes from revenues.
A) Operating profit
B) Gross profit
C) Net profit
D) Gross margin

Question

Quizplus · Accepted Answer

Net profit is the amount earned after subtracting all expenses, including fixed and variable costs and taxes, from revenues. Gross profit only subtracts the cost of goods sold from revenues, while operating profit subtracts all operating expenses from revenues. Gross margin is the percentage of revenues that remain after subtracting the cost of goods sold.

________ Is What Remains When You Subtract Fixed and Variable