Question

How to calculate cost of goods sold without gross profit?

Answer 1

Cost of goods sold refers to  total of all costs used to create a product or service, which has been sold. These costs fall into the general sub-categories of direct labor, materials, and overhead.

Formula to find cost of goods sold without gross profit information

Cost of goods sold = opening stock + purchases - closing stock

Answer 2

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Gross profit margin is a measure of a company’s profitability, calculated as the gross profit as a percentage of revenue.

$\sf{ \gray{Gross \: Profit \: Ratio }= \frac{ Gross \: Profit}{ Net \: sales. }}$

$\sf{ \gray{Gross \: Profit \: Ratio} = \frac{ Gross \: Profit} {Net \: Sales}x 100.}$