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How to calculate groos profit

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How to calculate groos profit

Posted by Divya Tripathi 8 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Achutti S A 8 years, 2 months ago

Gross Profit is the total revenue amount that a company earns before deducting the expenses connected with that revenue. To calculate Gross Profit, you should know the total amount of Net Sales and the total amount of Cost of Goods Sold. The formula of Gross Profit is Gross Profit = Net Sales – Cost of Goods Sold.

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