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  3. your gross sales are $100,000. your cogs are $0. y

Your gross sales are $100,000. Your COGS are $0. Your operating expenses are $80,000. What...

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Accounting

  1. Your gross sales are $100,000. Your COGS are $0. Your operating expenses are $80,000. What is your:
    1. Gross profit
    2. Gross profit margin
    3. Net profit
    4. Net profit margin

2. Your gross sales are $100,000. Your COGS are $60,000. Your operating expenses are $50,000. What is your:

  1. Gross profit
  2. Gross profit margin
  3. Net profit
  4. Net profit margin

3.Which is always higher . . . gross profit or net profit, and why?

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