Earned revenue of 500,000
Incurred cost of goods sold of 100,000
What is the gross profit percent

Company earned revenue of 400,00, and incurred cost of goods sold of320,000. Calculate the gross profit percent

This is too easy to answer for you. What percentage of 400,000 is 320,000? Balance is profit.


Same process as 400,000 to 320,000. We don't do your homework for you.

First you need to find the difference between your earned revenue and your cost of goods sold. Now take this difference and divide it by your earned revenue, then times your answer by 100 to get your gross profit percent.

This is a duplicate post and the formula needed has been provided to you on your other post.