Question

two technicians are discussing gross profit. technician a states gross profit is equal to revenues minus less costs of goods sold. technician b states gross profit represents the amount of direct profit made by selling something. who is correct?

o technician b
o both technicians
o neither technician
o technician a

Explanation:

Gross profit is calculated as revenues minus the cost of goods sold. It represents the direct profit from selling products or services. Technician A correctly states the formula, and Technician B correctly describes its nature as direct profit from selling.

Answer:

Both Technicians