Or in words, the Gross Margin is an expression of the Gross
Profit as a percentage of Sales, where the Gross Profit is Sales
minus the Cost of Sales.
View page
A gross is NOT a measurement - it is an amount!!! A gross is 144
- so a gross of shoes is 144 pair of shoes - a gross mile is 144
miles - a gross of glasses is 144 glasses.
Seventy-two soldiers would have a gross of feet!
View page
Gross profit is the amount of profit in dollars...gross margin
is the % profit to expenses