What is the equation for GP % of sales?

4 months ago

1 minute

Are you having trouble answering the question “What is the equation for GP % of sales?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

What is the equation for GP % of sales?

Answer: GP % as a percentage of sales = (Sales – CGS) ÷ Sales

We hope you have got the correct answer to your question “What is the equation for GP % of sales?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.