Gross Profit Is Calculated as ________

question 49

Multiple Choice

Gross profit is calculated as ________.

• A) total sales - cost of sales - selling, general, and administrative expenses - depreciation and amortization
• B) total sales - cost of sales - selling, general, and administrative expenses
• C) total sales - cost of sales
• D) none of the above

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Definitions:

U.S. Adults

Individuals residing in the United States who are legally considered adults, typically over the age of 18.

6 Percent

A quantitative value or measurement, often referred to in statistical, financial, or performance contexts, indicating a portion out of a hundred.

34 Percent

A numerical value representing a fraction, more than one-third, of a whole in a quantitative context, such as statistical data.

Metacognitive Theory

A theory that focuses on how individuals process information, making them aware of how they learn, remember, problem-solve, and think.