Which of the Following Defines Gross Profit

question 9

Multiple Choice

Which of the following defines Gross profit?

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

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Definitions:

Percentage

A percentage is a way of expressing a number or ratio as a fraction of 100, used to compare sizes of quantities and changes in them over time.

Automatic Stabilizers

Financial policies and schemes intended to balance out variations in a country's economic performance, avoiding extra government or policymaker involvement.

Legislative Action

The process by which laws are created, amended, or repealed within a legislative body such as a parliament or congress.

Macroeconomic Activity

The total economic activities and interactions at a national or global level, including production, consumption, saving, and investment.