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Yes Option C is the right answer.
C. Sales-Cost of goods sold
c) sales-cost of goods sold--------------------
Answer is Cbecause the formula of Cost of Goods Sold is Sale-Gross profit or we can compute GP by using Trading A/c Because COGS = Opening stock + purchases - Closing stock.
So GP = SALES-COGS
Sale - Cost of goods Sold................!!!
Gross Profit =sales - cost of goods sold
Option C..... it is always equal to Sales - COGS
Option C, Sales - cost of goods sold.
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