The formula for defining gross profit

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Reference no: EM1399798

How Can I conclude Gross Profit for this company? It is a service oriented company that has no cost of goods sold
The formula for defining Gross profit is Gross Profit = Revenue - Cost of goods sold.
Cost of goods sold denotes to the inventory costs of those goods a business has sold during a particular period.
Income statement attached

Reference no: EM1399798

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