Gross profit from sales is the difference between A) net sales and operating expenses. I B) net sales and the cost of goods sold. C) net sales and the cost of goods sold plus all the expenses. D) gross sales less the sales discounts and sales returns and allowances. 2 if net sales for the business total $150,000, gross profit is $65,000, and profit is $40,000, then what will the cost of goods sold total? A) $25,000 B) $85,000 C) $110,000 D) $40,000