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    kapooktung1's Avatar
    kapooktung1 Posts: 4, Reputation: 1
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    #1

    Jun 11, 2007, 08:31 AM
    Gross profit
    Is gross profit is equal to net sales minus operating expenses?
    Prashant8778's Avatar
    Prashant8778 Posts: 2, Reputation: 1
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    #2

    Jun 11, 2007, 10:06 AM
    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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