The gross profit percentage is calculated as:
A: cost of goods sold divided by net sales revenue.
B: net sales revenue minus gross profit on sales.
C: net sales revenue minus cost of goods sold.
D: gross profit divided by net sales revenue.
A: cost of goods sold divided by net sales revenue.
B: net sales revenue minus gross profit on sales.
C: net sales revenue minus cost of goods sold.
D: gross profit divided by net sales revenue.
举一反三
- In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?
- The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
- Theof sales revenue over cost of goods sold is called or gross profit. Gross indicates that thehave not been .
- Net sales is calculated by A: subtracting cost of sales from sales. B: subtracting sales returns and sales discounts from sales. C: subtracting sales returns, cost of sales, and sales discounts from sales. D: subtracting gross profit from sales.
- Which statement is true? A: The Sales account is used to record only sales on account. B: Gross profit is the excess of sales revenue over cost of goods sold. C: A service company purchases products from suppliers and then sells them. D: Purchase returns and allowances increase the net amount of purchases.