Explain how to compute gross profit by completing the following sentence. Gross profit is calculated by taking the net (sales/costs) of a product and (adding/subtracting) the cost of the goods sold.

Net sales ; subtracting

Explanation:

The formula to compute the gross profit is shown below:

Gross profit = Net sales - cost of goods sold

where,

Net sales = Sales - sales return and allowances - sales discount

Cost of goods sold = All cost that are related to the production of the product

So by deducting the cost of goods sold from the net sales we can get the gross profit

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

answer; because many corporate watch groups will discover and publicize unethical behavior by suppliers, link it to the american company, and harm its reputation;