Series 79: Gross Profit

Taken from our Series 79 Top-off Online Guide

Gross Profit

A company’s net revenues minus its cost of goods sold (or cost of sales) equals its gross profit. Gross profit is not always identified in the income statement, but it can be easily calculated by subtracting COGS from gross revenues.

Since you're reading about Series 79: Gross Profit, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!