Sales = Cost of goods sold / 75%
Sales = 100000 / .75
Sales = 133333
Prove
sales = 133333
Less CGS = 100000
Gross profit = 33333 (25% of sales)
Gross Profit = Sales - Cost of goods sold Gross profit margin = gross profit / Sales
Gross profit or gross margin is equal to:Sales less: Costs of Goods Sold
Sales (or revenue, it's the same thing) - cost of goods sold= Gross Profit
The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services
If your Gross Profit is 12.5% of Selling Price, that means your Cost of Goods Sold is 87.5% of Selling Price. 1/.875 = 1.143 So you need a 14.3% markup to achieve a 12.5% Gross Profit. Example: Cost = $100 Selling Price = $100 x 1.143 = $114.30 Gross Profit = $114.30 - $100.00 = $14.30 14.30/114.30 = 12.5%
25 % on sales means 1/4 th of sales n gross profit on cost will be 1/3 .
Gross Profit = Sales - Cost of goods sold Gross profit margin = gross profit / Sales
* + Net Sales * - Cost of Goods Sold (Expenses directly related to the goods that were sold) * ----------------------------------------------- * = Gross Profit
Cost of goods plus gross profit margin equals to total sales revenue of firm.
Gross profit or gross margin is equal to:Sales less: Costs of Goods Sold
Question is not clear and some mistakes in figures: Gross profit based on Sales of 35050 is as follows 35050* 65% = 22782.5 Gross profit based on Sales of 35950 is as follows: 35950*65% = 23367.5
Sales (or revenue, it's the same thing) - cost of goods sold= Gross Profit
gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
Gross profit = sales - cost of good sold Gross profit margin = gross profit / sales *100 Gross profit = 240000- 108000 = 132000 Gross profit margin = 132000/240000 *100 Gross profit margin = 55%
The Gross Profit is the amount in excess of the cost of goods sold. To get this we simply take sales $24,000 and subtract $10,800 to find a gross profit of $13,200
Profit = (profit percentage / 100) x gross income