Question

How to calculate gross profit with sales and cost of goods sold given?

Answer 1

Hey Mate


Subtract the cost of goods sold from the revenue to get the gross profit, then divide the gross profit by the total revenue which gives you your gross profit margin or gross margin.


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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.

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

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