Question

SERE

RE
a.
Which of the following equations correctly describes how to calculate gross profit?
gross profit = (net sales) - (cost of goods sold)
b. gross profit = (cost of goods sold) - (net sales)
gross profit = (net income) - (operating expenses)
d. gross profit = (operating expenses) - (net income)
C.

Answer 1

Explanation:

d.

net income = (net sales) - (cost of goods sold) - (operating expenses)

i hope I’m right lol

Answer 2

its a. gross profit = (net sales) - (cost of goods sold)

Explanation: