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    callie76530's Avatar
    callie76530 Posts: 1, Reputation: 1
    New Member

    Aug 4, 2006, 02:28 PM
    net sales-cost of goods sold=
    What is the net sales minus cost of goods sold?
    mh34's Avatar
    mh34 Posts: 20, Reputation: 1
    New Member

    Aug 5, 2006, 05:27 AM
    Net Sales
    =Gross margin
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member

    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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