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Hello students, here is a question.
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Cross -profit is a profit of a company makes after deducting the cost associated with making a selling product or the cost associated with providing service.
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Cross -profit will appear on a company income statement and can be calculated by subtracting the cost of sold from the revenue.
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So, this is our question.
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Let us do the solution for this.
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Cross -profit is a profit of a company makes deducting the cost associated with making selling of a product or providing the services.
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So, the cross -profit appears on the company's income statement.
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Cross -profit appears on the company income statement.
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And then the cross -profit can be calculated by subtracting a cost of goods sold.
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To calculate the cross -profit, we need a revenue of a cost of a goods sold.
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Revenue refers to the total amount of money generated from the product or services...