📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which one of the following denotes Gross

    Profit?
    A Cost of goods sold + Opening stock Correct Answer Incorrect Answer
    B Sales less Cost of goods sold Correct Answer Incorrect Answer
    C Sales less Purchases Correct Answer Incorrect Answer
    D Net profit less Expenses of the period Correct Answer Incorrect Answer

    Solution

    Gross profit = sales less cost of goods sold.

    Practice Next
    More ESIC Part B Questions