Economics · Financial Statements
Gross Profit is equal to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Gross Sales + Closing Stock
- 2Sales - Purchases
- 3Net Sales - Cost of Goods Sold✓
- 4Cost of Goods Sold + Opening Stock
Correct answer
Net Sales - Cost of Goods Sold
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