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gross profit is taken from the profit and loss account

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16y ago

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What is the difference between gross margin and gross profit?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales 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.


What is the difference between operating profit and profit margin?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales 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.


What is the difference between gross margin and profit margin?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales 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.


What is the Difference between Gross profit Net profit?

Gross Profit = Sales - Cost of Sales and Direct cost Net Profit = G.P - Indirect Expenses By Cyril Joseph


What is the Difference between gross profit and fluctuating profit?

The difference is, that gross profit includes deduction from manufacturing cost. Sales value - Rawmaterial - Freight = Fluctuating Profit - Manufacturing Cost - Procurement = Gross Profit - Operating Expenses = Operating Profit


What is the difference between gross margin and net profit?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses 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. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).


What is difference between sales and prime cost?

gross profit


What are the differences between gross profits and net sales?

In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments. Note that this is different from operating profit (earnings before interest and taxes).


What called The difference between net sales and cost of goods sold divided by net sales?

1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio


The difference between revenue from sales and cost of goods sold?

Difference between revenue from sales and cost of goods sold is called "Gross profit".


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

Gross profit calculation Gross profit = Revenue - Cost of sales


What is the effcect of cost of sales on gross profit?

Cost of sales influances the gross profit to decrease or increase as following formula: Gross profit = Sales - Cost of sales