Series 66: 1.1.1.1. Gross Profit

Taken from our Series 66 Online Guide

1.1.1.1. 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.

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