good day john,
In pass paper sept 2016 q 31 how is the gross profit margin for household goods calculated to arrived at 40% for 31 august 20x6 & 30% for 31 august 20x5
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pass paper sept 2016
8y ago#1For household goods, in 20X6, sales are 38,990, cost of sales is 23,394, therefore the profit is 15596.
Therefore the gross profit margin = 15596 / 38990 = 40%
It is the same workings for 20X5.
ok did not look at it like that
thank you very much for explaining it to me
8y ago#3You are welcome :-)
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