Accountancy, asked by thanushree59, 2 months ago

give the meaning of gross profit​

Answers

Answered by hetvi456
6

Answer:

Here is your answer

Explanation:

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).

Hope it helps

mark me as brainiest

Answered by 5469579advaithy
3

Answer:

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).

Explanation:

Similar questions