Want this question answered?
Difference between revenue from sales and cost of goods sold is called "Gross profit".
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
IF cost of goods is available and margin is also provided then sales can be calculated as follows: Sales = Cost of goods / margin of sales
Revenue less Cost of Sales (or Cost of Goods Sold).
Yes it is, it's just slightly different terminology. You would probably find cost of revenue in a serivice based company. It should be noted that in final published accounts it's always referred to as cost of sales.
sales sales revenue minus net sales revenue
Sales revenue = breakeven sales + Fixed Cost Sales revenue = 40000 + 30000 sales revenue = 70000 Prove Sales revenue = 70000 Less: V.C = 40000 Contribution Margin = 30000 Less:Fixed Cost = 30000 Profit (loss) = Nill
cost/revenue x100%
Difference between revenue from sales and cost of goods sold is called "Gross profit".
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
Total variable cost as a percentage of sales revenue can vary depending on the industry and specific business model. However, a generally accepted guideline is that variable costs should ideally be kept below 70-80% of sales revenue. This ensures that there is enough margin left for covering fixed costs and generating a profit.
Total sales - Cost of goods sold = Revenue
IF cost of goods is available and margin is also provided then sales can be calculated as follows: Sales = Cost of goods / margin of sales
+10.46%
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).
Revenue less Cost of Sales (or Cost of Goods Sold).
Gross Profit