Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor. True False

True

Explanation:

Gross profit can be regarded as profit

that is made by a company after the deduction of the costs that is associated with producing and selling its products, it can also be explained as the costs that is associated with a company to provide its services. Gross profit usually show income statement of the company, and this is calculated by finding the difference between the cost of goods sold (COGS) as well as revenue (sales).

It should be noted that Gross profit is the extra amount the company receives from the customer for merchandise sold over what the company paid to the vendor.

answer: e

explanation: