Gross Profit - delivery expenses. Gross profit equals net...

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Gross Profit Gross profit,  which is also called  gross margin,  represents the company's profit from  selling merchandise before deducting operating expenses such as salaries, rent, and 
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Unformatted text preview: delivery expenses. Gross profit equals net sales minus the cost of goods sold....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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