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  • Jun 11, 2007, 08:31 AM
    kapooktung1
    Gross profit
    Is gross profit is equal to net sales minus operating expenses?
  • Jun 11, 2007, 10:06 AM
    Prashant8778
    Quote:

    Originally Posted by kapooktung1
    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

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