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View Full Version : Gross profit


kapooktung1
Jun 11, 2007, 08:31 AM
Is gross profit is equal to net sales minus operating expenses?

Prashant8778
Jun 11, 2007, 10:06 AM
is gross profit is equal to net sales minus operating expenses?
No gross profit = sales - cost of goods sold

and cost of goods sold = opening stock of material + purchase of material + expenses related to purchase - closing stock of material