Ask Question
2 December, 15:28

Gross profit is equal to:

a. sales plus sales returns and allowances less sales discounts less cost of merchandise sold.

b. sales less (sales discounts and sales returns and allowances) less cost of merchandise sold.

c. sales less (sales discounts and sales returns and allowances) plus cost of merchandise sold.

d. sales plus sales discounts less sales returns and allowances less cost of merchandise sold.

+1
Answers (1)
  1. 2 December, 16:45
    0
    The answer to this question is b
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Gross profit is equal to: a. sales plus sales returns and allowances less sales discounts less cost of merchandise sold. b. sales less ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers