Sales are equal to

A. Cost of Goods Sold + Gross Profit

B. Cost of Goods Sold – Gross Profit

C. Gross Profit – Cost of Goods Sold

D. Cost of Goods Sold – Stock

Details of Mcqs:

Sales = cost of goods sold + profit

Cost of goods sold is the cost of goods including the purchase cost and direct costs related to the purchase. This is the cost of goods actually sold and when profit is added to the same we get the sales figure.