Question

what is the formula of calculate of GP​

Answer 1

Step-by-step explanation:

The gross profit formula is calculated by subtracting total cost of goods sold from total sales.

Answer 2

The gross profit on a product is computed as follows:

Sales - Cost of Goods Sold = Gross Profit.

Gross Profit / Sales = Gross Profit Margin.

(Selling Price - Cost to Produce) / Cost to Produce = Markup Percentage