Gross profit is the term applied to the excess of sales over the cost of goods sold. the correct answer is option(d).
Gross profit is the amount of money a company keeps after deducting all of the expenses incurred in producing and offering its goods or services. By subtracting the cost of goods sold (COGS) from your total sales, you may determine gross profit.
On the surface, a gross profit margin ratio of between 50 and 70 percent would be seen as healthy, and it would be for many different kinds of enterprises, including restaurants, merchants, manufacturers, and other goods makers. Gross profit is a significant component of an organization's income statement that can offer valuable information about how efficiently you are using your resources to produce and market your goods and services.
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