Gross Profit Equals the Difference Between Net Sales and

question 107

Multiple Choice

Gross profit equals the difference between net sales and

• A)operating expenses.
• B)cost of goods sold.
• C)net income.
• D)cost of goods sold plus operating expenses.

---

Definitions:

Crowdsourcing

A technique of acquiring knowledge, thoughts, or content by appealing for contributions from an extensive group of individuals, often through the internet community.

Medical Information

Data related to a person's health or medical condition, treatment, and history, often used for clinical decision-making.

Pharmaceuticals

Refers to medicinal drugs manufactured for sale and use in healthcare.

Crowdfunding

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically through the Internet.