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3 years ago

How gross profit or loss is calculated

Business

1 answer:

vampirchik [111]3 years ago

8 0

Answer: See explanation

Explanation:

The Gross Profit for a company simply refers to the income that a particular company has left after the company has paid it's direct expenses that was incurred during production.

The formula to calculate the gross profit is:

Gross Profit = Revenue – Cost of Goods Sold.

In a case whereby the cos of goods sold is more than the revenue, we will get a gross loss.

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How gross profit or loss is calculated​

How gross profit or loss is calculated