Gross profit is the difference between net sales and cost of goods sold.
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Helloo..
Gross profit represents the productivity of a business's operations. A business's profitability is defined by more than its operations.
Net sales and cost of goods sold are the two most important measurements tied to know how effective a business operations are. When you subtract cost of goods from net sales, you determine the gross profit for the business.
Therefore; GP=NS - COGS
Hope it helps u out..
Gross profit represents the productivity of a business's operations. A business's profitability is defined by more than its operations.
Net sales and cost of goods sold are the two most important measurements tied to know how effective a business operations are. When you subtract cost of goods from net sales, you determine the gross profit for the business.
Therefore; GP=NS - COGS
Hope it helps u out..
Answered by
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Gross profit is the profit a company makes after deducting the costs associated with making and selling it's product, or the costs associated with providing it's services.Gross profit= Revenue- Cost of goods sold.
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