Gross profit is equal to, Gross profit is equal to

Gross profit is equal to

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Reference no: EM131023089

Gross profit is equal to

A. sales minus cost of goods sold.

B. sales minus (selling and administrative expenses).

C. sales minus (cost of goods sold and selling and administrative expenses).

D. sales minus (cost of goods sold and depreciation expense).

Reference no: EM131023089

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