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What is the formula of gross …

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What is the formula of gross profit
  • 3 answers

Chetna Singh 6 years, 11 months ago

COGS ka dusra name cost of revenue from opetations

Chetna Singh 6 years, 11 months ago

Now in co. name of net sales has changed net revenue from operations

Gaurav Seth 6 years, 11 months ago

In order to calculate gross profit, you must have two important figures. First, you must have the amount of net sales for a given time period. Second, you must have the amount for cost of goods sold (COGS). 

The formula for calculating gross profit is:

 Gross Profit = Net Sales - Cost of Goods Sold

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