You know that Sale price - Cost price = Profit. Or is it? :-)
You are only partly right if we talk from the point of view financial statements.
In the world of financial statements Sale price - Cost of goods sold = Gross profit :-)
Is Gross profit the real profit for a firm?
Find out in this video from prof Ved.
For any help with preparation of CA foundation, CA CPT exam, use Prof Ved's Video lectures. Thousands of successful students will strongly recommend you these video classes.
It is very easy to place the order give missed call at 9980100288 for any help.