Work through each question. Show your reasoning where space is provided.
Name: ____________________ · Date: ____________
1. Sales revenue is 300; cost of goods sold is 270. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
2. Sales revenue is 1400; cost of goods sold is 770. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
3. Sales revenue is 700; cost of goods sold is 630. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
4. Sales revenue is 1000; cost of goods sold is 500. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
5. Sales revenue is 2700; cost of goods sold is 1620. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
WorksheetWise · Standard · 1097
Gross profit and margin — Answer key
Work through each question. Show your reasoning where space is provided.
1. Sales revenue is 300; cost of goods sold is 270. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
2. Sales revenue is 1400; cost of goods sold is 770. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
4. Sales revenue is 1000; cost of goods sold is 500. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
5. Sales revenue is 2700; cost of goods sold is 1620. Calculate gross profit and gross profit as a percentage of sales. Ignore other expenses and taxes.
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