CIPS L4M4 Question Answer
The gross profit of a company can be calculated by using a simple formula. What is this?
total revenue - cost of sales
assets - liabilities
cost of sales - fixed assets
debt owed - total sales
Explanation
gross profit = total revenue - cost of sales.
Learn all you can about financial ratios and financial statements for the exam- it's a very common topic
TESTED 19 Dec 2025
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