Determine the profit on the sale of an inventory product


Question: How do you determine the profit on the sale of an inventory product? Group of answer choices While profit can be earned on services, it can't be earned on inventory. Find the difference between the item's original cost and its sales price. Your profit is what you sell the item for. Add the sales price and the item's original cost.

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Accounting Basics: Determine the profit on the sale of an inventory product
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