Question
The gross profit of a business is calculated as
A. Opening stock + total purchases
B. Total expenses - total income
C. Total expenses + total income
D. Total purchases - closing stock
E. Total sales - cost of goods sold
A. Opening stock + total purchases
B. Total expenses - total income
C. Total expenses + total income
D. Total purchases - closing stock
E. Total sales - cost of goods sold
Answers
GPT 3.5
E. Total sales - cost of goods sold