question archive Gross profit is the difference between: a
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Gross profit is the difference between: a. Net sales and the cost of goods sold b. The cost of goods available for sale and the cost of goods sold c. Gross sales and net sales. d. Net sales and all operating expenses
Gross profit is the profit a company makes after deducting the costs associated with making and selling it's products ,or the cost associated with providing it's services . Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of good sold (COGS) from revenue (sales).
Gross profit = sales - cost of good sold .
Hence, option A is correct answer