Question

Gross profit is _________ a. Profit that makes you feel physically sick b. Profit after taking the costs of making the goods c. When you are making a loss d. Another word for breaking even

Answer 1

Answer:

The correct answer is option b. Profit after taking the costs of making the goods.

Explanation:

When we talk about gross profit we mean the profit we have left after obtaining the total income from a sale, less what we have spent on materials to sell and / or manufacture that product.

We must also deduct from that amount the general expenses, services, taxes, etc. In other words, it will be the final amount that we have left from the sale of a product, once we have subtracted everything we spend on it to be able to sell it.

Given this information we can say that the correct answer is option B.

Answer 2

The answer is B. Profit after taking the costs of making the goods.