Explain how to calculate a business' gross profit percentage. What is this ratio used for?

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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Question Posted: Mar 02, 2024 11:41 AM

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Explain how to calculate a business' gross profit percentage. What is this ratio used for?

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Heres how to calculate a businesss gross profit percentage and how its used Formula Gross Profit Percentage Revenue Cost of Goods Sold Revenue 100 Exp...View the full answer

Accounting Information For Business Decisions

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