Question

Gross profit is 33.33% on sales

Answer 1

it means profit will be 25 % on cost.

Answer 2

Answer:

Gross profit is the earnings of a company after deducting the costs associated with manufacturing and selling a product or the costs associated with providing a service. Gross profit is shown on a company's profit statement and can be calculated by subtracting cost of goods sold (COGS) from revenue (sales). These figures can be found in the company's income statement. Gross profit is also known as sales profit or gross profit.

• Gross profit = sales - cost

Where:

• Net Sales = Sales for the Period or Total Amount Generated from Sales. Also known as net sales
• This is because they may include discounts or deductions for returns.
• Costs are subtracted from sales to calculate net profit or revenue.
• CoGS = Cost of Goods Sold. Direct costs are related with the production of goods. It includes both direct labor costs and all material costs used in manufacturing or manufacturing a company's products.

Gross profit is 33.33% on sales(Given)

Assume Sales = $300$ and Gross Profit = $33.33$% of Sales = $100$

Cost + Total Profit = Revenue

cost + $100 = 300$

cost = $200$

Now, gross profit margin to expenses = gross profit x $100$

cost

= $[100/200] * 100$

= $50$%

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