Which of the following formulas is used to calculate gross profit?

Sales minus Acquisition cost
Overhead minus Profit
Overhead plus Profit
Sales plus Overhead

Sales minus Acquisition cost

Rationale: Gross profit is calculated as Sales minus Acquisition cost.

Health Professions

You might also like to view...

All of the following may be associated with urinary tract infection EXCEPT:

A) cystitis. B) cholecystitis. C) prostatitis. D) pyelonephritis.

Health Professions

Which of the following interventions would NOT be appropriate when treating a hypotensive patient due to postpartum bleeding?

A) Massaging the uterus B) Administration of medication such as Pitocin C) MAST D) Fluid administration

Health Professions