Question

A company made net sales revenue of $530,000​, and cost of goods sold totaled $238,500. Calculate its gross profit percentage_________

Answer 1

To calculate the gross profit percentage, the cost of goods sold is subtracted from the net sales revenue, then this figure is divided by the net sales revenue and multiplied by 100. In this case, the gross profit percentage is 55%.

Step-by-step explanation:

To calculate the gross profit percentage, you subtract the cost of goods sold (COGS) from the net sales revenue, then divide by the net sales revenue, and finally multiply by 100. For the company in question:

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Thus, the company's gross profit percentage is 55%.