Asked by Lopez Anibal on Apr 28, 2024

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Gross profit is the money that remains after paying the costs of marketing and operating the business.

Gross Profit

The financial gain made after deducting the costs of goods sold from total sales revenue.

  • Comprehend the financial aspects influencing sales activities, including gross profit, markup, and discounts.
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BT
Brandy TamezApr 29, 2024
Final Answer :
False
Explanation :
Gross profit is the money that remains after deducting the cost of goods sold (COGS) from revenue, not including costs related to marketing and operating the business.