Question

what is meant by grossprofit

Answer 1

Gross profit is a required incomestatement entry that reflects totalrevenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin.

Answer 2

Hey mate here is your answer

Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin.

Hope this answer will help you!!

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