Question

Gross profit is calculated as a
percentage of
​

Answer 1

Answer:

A company's gross profit margin percentage is calculated by first subtracting the cost of goods sold (COGS) from the net sales (gross revenues minus returns, allowances, and discounts). This figure is then divided by net sales, to calculate the gross profit margin in percentage terms.

Explanation:

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Answer 2

Answer:

CP (Cost Price)

Explanation:

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