gross profit is equal to\n\na. sales less selling expenses\nb. sales plus cost of goods sold\nc. sales less…

gross profit is equal to\n\na. sales less selling expenses\nb. sales plus cost of goods sold\nc. sales less cost of goods sold\nd. sales plus selling expenses

gross profit is equal to\n\na. sales less selling expenses\nb. sales plus cost of goods sold\nc. sales less cost of goods sold\nd. sales plus selling expenses

Answer

Brief Explanations:

Gross profit is calculated by subtracting the cost of goods sold from sales. Selling expenses are not part of the calculation for gross profit.

Answer:

C. sales less cost of goods sold