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3:08
Calculating Gross Profit and Gross Profit Margin
Gross Profit is a “Profitability Ratio” used by investors, analysts, and company management to show how efficiently a company produces an item. It monitors the manufacturing process by subtracting the cost of production, also known as Cost of Goods Sold, from revenue. Gross Profit Margin is more often used. It takes gross profit and divides ...
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Nov 7, 2017
SOLVED: Revenue80,00015,000 5,000Sales ReturnsSales DiscountsNet Sales60,000Cost of Goods SoldGross Profit29,000Gross Profit Margin %Given the information above, which of the following is the Gross Margin percentage?57ecR%e
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