Question

Gross profit is ascertained at the

Answer 1

Answer:

gross profit is ascertained by deducting cost of goods sold

Answer 2

Answer:

Trading account is our answer.

Step by step answer:

Profitability is the profit a business makes after deducting all costs associated with the production and sale of its products or services. You can calculate the maximum profit by deducting the cost of goods sold (COGS) in total sales.