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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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Posted on Jan 02, 2017

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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

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

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

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

Profit =5 000 -2 700=?

As a percentage of sales:

Percentage = 1**00%*(5000 -2700)/5000=?**

As a percentage of sales:

Percentage = 1

Sep 30, 2014 | Office Equipment & Supplies

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

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

i wish it helps

Jul 04, 2014 | Computers & Internet

Gross = Net/PercentageThatNetIsOfGross

Apr 03, 2014 | Microsoft Excel for PC

About 18%.

Feb 24, 2014 | Office Equipment & Supplies

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.**

If you mean gross profit, then it is defined as

Oct 01, 2013 | Office Equipment & Supplies

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

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%

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

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

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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