Triangle Business Daily

How can i find the gross profit percentage??

For the year ending 12/31/06, the sales were $45,032, the cost of goods sold was 29,658, and the total expenses was 7,490. How can i find the gross profit percentage, isnt it Gross profit divided by sales?

Public Comments

1. Yep, you're right. (45032-29658)/45032 X100 = 34.14%