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Related Questions

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 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 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.


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

Gross Profit = Sales - Cost of goods sold Gross profit margin = gross profit / Sales


How do you Gross up sales tax?

Sales Tax / Sales Tax Rate = Gross Sale


Is vat tax included in the gross sales?

Yes. Gross sales = Net Sales + VAT


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


Is tax amount deducted from gross sales to arrive at net sales?

No. tax is deducted from gross sales neither is it deducted from gross 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).


Gross sales price vs net sales price?

Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.


What is the Formula to get the projected gross sales?

Projected gross sales are derived by multiplying projected sales qty and price.


How do you work out a gross profit percentage?

gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%