Summary:
Calculation for Gross Profit and Gross Profit %
How is gross profit calculated on the Merchandise Analysis and Inventory Analysis reports?
Solution:
Gross Profit Percent (also called Gross Margin) shows the percentage of sale dollars that is profit. The formula for Gross Profit % = (Sales - Cost / Sales) * 100.
Sales - Cost is the Gross Profit dollar amount on the reports.
Article ID: 200
Created: July 28, 2014
Last Updated: October 1, 2014
Online URL: https://counterpoint.knowledgebase.co/article.php?id=200