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Gagan Mishra

Job Interview Skills
English
2 years ago

44. Explain The Following Gross Profit?

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Abhishek Mishra

2 years ago

Gross Profit is obtained by subtracting the cost of goods sold from Net sales. Gross Profit = Net Sales – Cost of Goods Sold. Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses – Closing Stock. And Net Sales = Total Sales – Sales Return.

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