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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.

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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%.

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WorksheetWise authors these practice questions and translations. Numerical answers are checked by automated tests. Reading and history include marking guidance. These materials have not been independently certified by an exam board.

For South African classrooms, tutors and families. A4 paper is selected initially. Choose practice by the skill being taught and use the separate answers for feedback. These sheets are not CAPS-certified. An Afrikaans edition is available through the language selector.