Series 65: 1.4.1.1.1 Gross Profit

Taken from our Series 65 Online Guide

1.4.1.1.1  Gross Profit

Cost of goods sold (COGS) is the first expense subtracted from sales. COGS is the cost of producing the goods and services offered by the company, such as the cost of materials and labor. Gross profit is what remains after COGS has been subtracted.

Since you're reading about Series 65: 1.4.1.1.1 Gross Profit, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 65
Please Enable Javascript
to view this content!