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what of the following is the correct formula for calculating gross profit percentage. Mathematically it is represented as Profit Total Sales Total Expenses. Which of the following is the correct formula for calculating gross profit percentage.
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False - Under the perpetual inventory system purchase returns or allowances are debited to the Merchandise Inventory account by the purchaser. Following is the gross profit equation. Margin 100 revenue - costs revenue.
It can be said that the shopkeeper made a profit of Rs.
Which of the following is the correct formula for calculating gross profit percentage. The gross profit margin uses the top part of an income statement. Total RevenueAverage Total Assets. Gross Profit Margin Formula The gross profit percentage formula is represented as Gross profit percentage formula Gross profit Total sales 100.
