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Gross profit and margin

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WorksheetWise · Standard · 1097

Gross profit and margin

Work through each question. Show your reasoning where space is provided.

Name: ____________________ · Date: ____________

  1. 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. 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. 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. 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. 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 · en-us · 1/1

WorksheetWise · Standard · 1097

Gross profit and margin — Answer key

Work through each question. Show your reasoning where space is provided.

  1. 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.

    30; 10%

    Gross profit = 300 − 270 = 30. Gross margin = 30 ÷ 300 × 100 = 10%.

  2. 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.

    630; 45%

    Gross profit = 1400 − 770 = 630. Gross margin = 630 ÷ 1400 × 100 = 45%.

  3. 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.

    70; 10%

    Gross profit = 700 − 630 = 70. Gross margin = 70 ÷ 700 × 100 = 10%.

  4. 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.

    500; 50%

    Gross profit = 1000 − 500 = 500. Gross margin = 500 ÷ 1000 × 100 = 50%.

  5. 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.

    1080; 40%

    Gross profit = 2700 − 1620 = 1080. Gross margin = 1080 ÷ 2700 × 100 = 40%.

WorksheetWise · en-us · 1/1

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