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How do I calculate gross profit on a calculator?

Asked 3 years ago

Am I able to do the gross profit formula on my calculator? I know that I need to use the cost of goods sold and the net sales, but I'm unsure exactly how to use them to arrive at the gross profit? Is it easy enough to do on a calculator?

Scottie Gordon

Sunday, October 31, 2021

Yes, calculating gross profit on a calculator is pretty simple. Just follow these five simple steps:

  1. Estimate your cost of goods sold COGS.
  2. Calculate the revenue you get from the goods sold.
  3. Subtract the cost of goods from revenue to get gross profit.
  4. Now divide the answer by revenue.
  5. Multiply it by 100 to get gross profit in percentage.

Curt Cleveland

Thursday, September 15, 2022

Calculating the gross profit on a calculator is easy, provided you have all the essential values: COGS and Net Sales. Now deduct the cost of sold goods from the total revenue to get the gross profit. Mathematically, it can be written as:

Gross profit = Net Revenue - COGS

If you want to convert your gross profit into a percentage, divide the gross profit by net sales and multiply it by 100. The mathematical expression would be:

Gross profit percentage = (Gross profit / Net Revenue) X 100

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