Examlex
Simplify the expression. Assume all variables represent positive real numbers.
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Gross Profit
The difference between sales and the cost of goods sold, representing the fundamental earning efficiency of a company's core activities.
Payroll Expense
The total amount of money a business pays to its employees as wages or salaries, including taxes and benefits, for a specific period.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company.
Rate of Return on Investment
A measure of the profitability or efficiency of an investment, calculated as the ratio of net profits to the initial cost of the investment.
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