Question

Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?

Answer 1

$228,967

Step-by-step explanation:

Gross margin or gross profit is the amount of money remaining after subtracting the cost of goods sold from net sales. The net sale is the actual Revenue after adjusting for discounts, returns, and damaged inventory.

Gross margin is calculated using the formula,

Gross margin = Revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967