Gross profit is calculated as:

date:2026-04-15 15:27:42 author:admin browse: time View comments Add Collection

Gross profit is calculated as:

Gross profit is calculated as:

A. Sales revenue - total expenses

B. Sales revenue - cost of sales

C. Gross profit - operating expenses

D. Sales + closing inventory

Answer: B

Explanation: Gross profit equals sales revenue minus cost of sales; operating profit is gross profit minus operating expenses.