Which of the Following Defines Gross Profit

question 74

Multiple Choice

Which of the following defines Gross profit?

• A)Sales revenue less Overhead expenses
• B)Net sales revenue less Sales discounts
• C)Net sales revenue less Cost of sales
• D)Sales revenue less Sales discounts and allowances

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Definitions:

Interstate Highway

A network of controlled-access highways that forms part of the National Highway System in the United States.

Own Garage

An individual's private parking space or storage area typically attached to or located near one's home.

Intermediate Goods

Goods that are used in the production process of other goods and services but are not part of the final product.

Final Goods

Goods that have completed the manufacturing process and are available for sale to the end user or consumer, as opposed to intermediate goods used in production.