Accounting for IGCSE & O level - Final Statements (Section 10 - No. 40)
What is the formula for calculating gross profit?
Sales Revenue + Cost of Goods Sold
Sales Revenue - Cost of Goods Sold
Cost of Goods Sold - Sales Revenue
Sales Revenue + Operating Expenses
स्पष्टीकरण
Gross profit is calculated by subtracting the cost of goods sold from the sales revenue.