Question

Question 4

Which of the following refers to the difference between revenue and all expenses, including the cost of goods sold and operating expenses?
Net profit
Gross profit
O Profit margin
O Profit margin percentage

Answer 1

Net profit is the difference between revenue and all expenses, indicating whether a company has made a profit or a loss.

Step-by-step explanation:

The difference between revenue and all expenses, including the cost of goods sold and operating expenses, is called net profit. Net profit is the amount of money left after deducting all costs from total revenue. It represents the final financial result and indicates whether a company has made a profit or a loss.

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