THE BU 4.1 Calculating Profit Knowledge Check 1. Which of the following refers to the total amount of money that a retailer brings in? A. Profit B. Revenue C. Cost of Goods Sold D. Operating costs 2. Which of the following refers to the amount of money that a retailer makes after accoun for expenses? A. Profit B. Revenue C. Cost of Goods Sold D. Operating costs 3. Which of the following refers to the difference between revenue and cost of goods sold A. Net profit B. Gross profit C. Profit margin D. Profit margin percentage 4. Which of the following refers to the difference between revenue and all expenses, inclu the cost of goods sold and operating expenses? A. Net profit Gross profit Profit margin Profit margin percentage Net profit Margin What's the term for reducing the price of an item in order to encourage sales? larkup arkdown F FOUNDATION, ALL RIGHTS RESERVED