A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:

Revenue = $752,800

Cost of goods sold = $301,800

To solve for the gross profit:

Gross profit = revenue - cost of goods sold

Gross profit = $752,800 - $301,800

Gross profit = $451,000

The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.