How do you calculate gross profit?(1 point)
Responses
add up all sales made for the period
add up all sales made for the period
add up all revenue and subtract the cost of goods sold
add up all revenue and subtract the cost of goods sold
total all revenue and subtract COGS, SG&A, and income taxes
total all revenue and subtract COGS, SG&A, and income taxes
total all revenue and subtract income taxes
total all revenue and subtract income taxes
1 answer
The correct answer is: add up all revenue and subtract the cost of goods sold.