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Can a business earn a gross profit but incur a net loss Explain Here is a tip Gross profit is revenue minus cost of goods sold For a merchandising company, net income or net loss is gross profit

Can a business earn a gross profit but incur a net loss? Explain.
 

Here is a tip:

Gross profit is revenue minus cost of goods sold.  For a merchandising company, net income or net loss is gross profit minus operating expenses.  

Apr 14 2021 View more View Less

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