Gross profit is equal to:

Select one:

a.

sales plus (sales discounts and sales returns and allowances) plus cost of merchandise sold.

b.

sales plus sales returns and allowances less sales discounts less cost of merchandise sold.

c.

sales plus sales discounts less sales returns and allowances less cost of merchandise sold.

d.

sales less (sales discounts and sales returns and allowances) less cost of merchandise sold.