Sales less cost of sales =?

3. Gross profit is the perfect answer in this case .

Gross Profit............................

The answer is Gross Profit..

Sales - Cost of sales(cost of goods sold) = Gross profit

Gross Profit: Initial profit before general business expenses.

Option3 is the right answer.

Sales less cost of sales is equal to gross profit. Thus, choice #3 is the answer

3. Gross ProfitGross Profit is calculated by deducting cost of sales from sales amount, though it contains overheads and other expenses to be deducted.

Gross Profit = Sales- COGS

3. Gross Profit .................................................................................

Sales less Cost of Sales = Gross Profit