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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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15y ago

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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.


How do you calculate gross profits?

Gross profit is total revenue from the core activities less total expenses attributable to core activity of the entity.


Calculate gross margin percentage?

Gross Profit/Net Sales = Gross Profit Margin.


How do you calculate restaurant profit?

Restaurant Gross profit = Total generated revenue - total costing *total costing = fixed assets, stock in hand, manpower, utilities, rental and maintenance. *Gross profit=Revenues-Variable costs-fixed costs


Formula to calculate gross profit?

HOW DID I GET HERE I WAS SEARCHING FOR THE ANSWERS FOR A GAME WTH


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 calculate profit margins?

Gross Profit Margin = Gross Profit/Revenues Net Profit Margin = Net Profit/Revenues


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


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.


How calculate gross margin in lifo methode?

To calculate gross margin using the LIFO (Last In, First Out) method, first determine the cost of goods sold (COGS) by using the most recently purchased inventory first. Subtract the COGS from total revenue to find the gross profit. Finally, divide the gross profit by total revenue and multiply by 100 to express it as a percentage. The formula is: Gross Margin (%) = [(Total Revenue - COGS) / Total Revenue] × 100.


What is 40 percent gross margin on 368.00?

To calculate a 40 percent gross margin on $368.00, first determine the gross profit by multiplying the total amount by the margin percentage: $368.00 × 0.40 = $147.20. Then, subtract the gross profit from the total amount to find the cost: $368.00 - $147.20 = $220.80. Therefore, a 40 percent gross margin on $368.00 indicates a gross profit of $147.20 and a cost of $220.80.


How to calculate gross profit?

Sales (or revenue, it's the same thing) - cost of goods sold= Gross Profit