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Answer in one sentence only. Give the formula of gross profit?

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प्रश्न

Answer in one sentence only.

Give the formula of gross profit?

एका वाक्यात उत्तर
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उत्तर

Gross profit = Net sales – Cost of goods sold.

Cost of goods sold = Opening stock + Purchase – Purchase return + Direct expense – Closing stock

Net sales = Sales – Sales return.

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पाठ 9: Analysis of Financial Statements - Exercise 9.1 (Objective Questions) [पृष्ठ ३७६]

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बालभारती Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
पाठ 9 Analysis of Financial Statements
Exercise 9.1 (Objective Questions) | Q C. 5. | पृष्ठ ३७६
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