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Sale or Revenue for the period -less cost of good sold=gross profit

cost of good sold is the cost incurred in generating the revenue

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Q: How do you calculate total gross profit?
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Calculate cost of goods sold?

To calculate the cost of goods you have to substract the gross profit from total sales.


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How do you calculate gross profit margin using cogs and sales?

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How do you calculate gross profit when you have turnover and cost of sales and no of units produced?

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How does one calculate the gross profit?

Gross profit is a pretty simple economic term. Simply, it is the difference between the total amount of sales minus the cost of the goods being sold.


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