Gross Profit
Gross Profit = Sales - Cost of Goods Sold
Cost of Goods Sold at the end of a period is the Purchase minus the Goods unsold.
Cost of Goods Sold will be equal to Purchase if all stock can be sold in the same period.
Gross Profit = Sales - Cost of Goods Sold
Cost of Goods Sold at the end of a period is the Purchase minus the Goods unsold.
Cost of Goods Sold will be equal to Purchase if all stock can be sold in the same period.