Sales revenue less cost of goods sold is calledSelect answer from the options belowmarginal income.gross profit.net profit.net income.

Break Down the Problem

1. Identify the terms provided in the question.
2. Understand the relationship between sales revenue and costs in the context of business accounting.

Relevant Concepts

1. Sales Revenue: The total income generated from selling goods or services.
2. Cost of Goods Sold (COGS): The direct costs attributable to the production of the goods sold in a company.
3. Gross Profit: It is calculated as: $\text{Gross Profit} = \text{Sales Revenue} - \text{Cost of Goods Sold}$

Analysis and Detail

1. Marginal Income: Refers to the additional income generated from selling one more unit of a product.
2. Net Profit: This is the profit after all expenses, taxes, and costs (including COGS) have been deducted from total revenue.
3. Net Income: Often interchangeable with net profit, it represents the final profit after all expenses.

By comparing the definitions, we can infer that the term that directly relates to the difference between sales revenue and cost of goods sold is Gross Profit.

Verify and Summarize

• Gross Profit is the correct term, rather than net profit or net income, which account for additional expenses beyond COGS.

Final Answer

The answer is Gross Profit.