They are not the same, although they can be.
Gross sales are just what it says...sales before any adjustments.
Gross income would include ALL income from all sources. You could sell items, but you...
Not necessarily.
There are three types of profit margins that are commonly used (they can be calculated off the Income Statement)
Gross Margin: Subtracting the Cost of Revenue out of the Total...
Not necessarily. Gross sales means total sales from all sources (e.g. both retail and wholesale), before you deduct expenses. Retail sales are sales from retail ventures.