If sales revenue is $600,000 and cost of sales is $450,000, the gross profit margin is:33%25%67%75%
Question
Solution 1
The gross profit margin is calculated by subtracting the cost of sales from sales revenue, dividing the result by sales revenue, and then multiplying by 100 to get a percentage.
Here's how you calculate it:
- Subtract the cost of sales from sales revenue to get gross profit. In this case, $600,00 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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