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What make the gross profit percentage increase

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Gross profit =total revenue -cost of doing business
Gross profit percentage = Gross profit/(Total revenue.)*100%
To increase the gross profit percentage, you decrease the cost of doing business.
Costs= all you have to spend to be able to do business (merchandises, employees' pay, rent of facilities, electric bills, etc.)

Posted on Sep 29, 2013

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1 Answer

I am trying to figure out how to use the Cost, Sell, and margin buttons on this calculator...any insight?


I haven't used a calculator with these functions, so let's do a test.

I'm guessing is it for doing basic accounting. The equation is Sales - Costs = Gross Profit and maybe Gross Profit / Sales = Gross Margin.

If we enter 100 in sell, 40 in cost, does the margin come out to be 60 or 0.6? If it comes out to 60, the margin is the Gross Profit. If it comes out to 0.6, then the margin is Gross Margin.

Good luck,

Paul

May 12, 2016 | Office Equipment & Supplies

1 Answer

If the unit selling price is $2.50 and the unit cost is $1.00, what action is needed to maintain the gross margin percentage when unit cost increases .25


Hi,

Let's set up a table to see it (sorry, I'm a visual learner;)

Selling Price $2.50 x
Unit Cost $1.00 $1.25
-------
Gross Profit $1.50 x - 1.25

Gross Margin 60% 60%

Time for some algebra;)

x - 1.25 0.6
---------- = -------
x 1

Now we can cross-multiply or multiply both sides by x to get rid of the fraction.

x - 1.25 = 0.6 x

Subtract 0.6x from both sides and add 1.25 to both sides to get the variables on one side and the constants on the other.

x - 0.6 x = 1.25
0.4x = 1.25

Divide both sides by 0.4 to get x by itself.

x= 1.25
------
0.4

x= 3.125

Good luck.

Paul

Feb 12, 2015 | Office Equipment & Supplies

1 Answer

If sales were $5,000 and operating expenses were $2,700 - what is the net profit as a percentage of sales?


Profit =5 000 -2 700=?
As a percentage of sales:
Percentage = 100%*(5000 -2700)/5000=?

Sep 30, 2014 | Office Equipment & Supplies

1 Answer

How do I calculate percentage of increase


3=100%
26=A (the A is the percentage of the this year)
so we make 26*100=3*A
2600=3A
A=2600/3=866.67 (is the percentage of the this year)
and to know the percentage increase (we remove the percentage of the last year (100%) from the percentage of the this year 866.67%
so we get 866.67-100=766.67
so your percentage increase is 766.67%
i wish it helps

Jul 04, 2014 | Computers & Internet

1 Answer

Please can you give me a formula to calculate GP for a new product?


Does GP stand for Gross Profit? Sorry to ask but one could read it as Grand Prix, Genera Purpose (Jeep), etc.
If you mean gross profit, then it is defined as
gross profit = revenue - cost of goods sold.

Oct 01, 2013 | Office Equipment & Supplies

1 Answer

I need to know how to calculate 33% of a gross figure for my accounts.


Multiply the gross figure by 33 then divide by 100. Some calculators have a % key to simplify percentage calculations but since you didn't specify a particular make and model I can't say whether yours does or not.

Oct 31, 2011 | Office Equipment & Supplies

1 Answer

1) A trader bought 45 dozen items for 2700 naira. If 15% of the items got destroyed, what should be the cost per item to make a profit of 265? 2) A woman bought 200 mangoes for 800 naira she discovered...


Answer A:

45 dozen: 12 x 45 = 540

Destroyed: 15% of 540 = 540 x (15/100) = 81

Remaining: 540 - 81 = 459

A profit of 265 means that 459 items must sell at 2700+265=2965 naira or 2965/459=6.46 naira approximately.

Cost per item = 6.46 or 6.5 naira approximately


Answer B:

Cost = 800 naira

8 spoilt. Remaining = 200 - 8 = 192 OR 16 dozen (12x16=192)

Selling price: 60 naira per dozen = 60 x 16 = 960 naira

Profit made (selling price - cost price) = 960 - 800 = 160 naira. Percent profit = Profit/cost x 100 = 160/800 x 100 = 20%

Percentage profit = 20%

Oct 12, 2010 | Computers & Internet

1 Answer

Ibico 1232 desk calc. How do i calculate gp


Is this a trick question, were you sleeping in class, or did you forget how to use a search engine??

Gross Profit = Sales - CGS.
Gross Profit Margin = Gross Profit / Total Sales

Company A has sales of $80,000 and a CGS of $60,000. GP=$20,000 and GPM = 25%

Carl

Oct 01, 2010 | Office Equipment & Supplies

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