Practice prompt · Q:statement-presentation-comprehensive-income-and-disclosure/practice-gross-profit

Gross profit

Calculate revenue left after the direct cost of sales.

Updated Sep 13, 2026 Review due Dec 13, 2026
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Revenue is $800 thousand and cost of revenue is $470 thousand. What is gross profit?

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Answer: b

$800 − $470 = $330 thousand. Gross profit is revenue less the cost of what was sold.