I am having a real dumb moment this morning, can anyone help
I was doing some basic practise questions and got stuck on a Gross Margin question. I couldnt remember which figures to use to get the Gross Margin figures
the question is as follows
Based on the facts below; 1. What is the Gross Margin value? 2. What is the Gross Margin %? 3. Explain the Gross Margin %
Quantity Unit Cost Unit Sell Price Buy Prod A 60 11.00 18.00 Sell Prod A 45 11.00 18.00 Buy Prod B 950 14.50 29.00 Sell Prod B 80 14.50 29.00
I have don’t the calculation but I think I have don’t it wrong, any help would be greatly appreciated