callie76530 Posts: 1, Reputation: 1 New Member #1 Aug 4, 2006, 02:28 PM
net sales-cost of goods sold=
What is the net sales minus cost of goods sold?
 mh34 Posts: 20, Reputation: 1 New Member #2 Aug 5, 2006, 05:27 AM
Net Sales
-COGS
=Gross margin
 CaptainForest Posts: 3,645, Reputation: 393 Ultra Member #3 Aug 5, 2006, 12:01 PM
MH34 is correct.

Net Sales - Cost of Good Sold = Gross Margin

And to continue on with that

Gross Margin - Operating Expenses = Net Income (or Net Loss)

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