Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

how to calculate cost of sales and gross profit​

Sagot :

Answer:

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)