Asked by Lopez Anibal on Apr 28, 2024
Verified
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.
Verified Answer
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.
Learning Objectives
- Comprehend the financial aspects influencing sales activities, including gross profit, markup, and discounts.
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