To calculate the gross profit, we first add up the cost of goods sold: Automotive cost of sales ($123,516 m) + FS interest expenses ($2,699 m) + FS provision for credit and insurance loss ($305 m) = $126,520 m.
140,637. To calculate the gross profit, we first add up the cost of goods sold: Automotive cost of sales ($123,516 m) + FS interest expenses ($2,699 m) + FS provision for credit and insurance loss ($305 m) = $126,520 m. We do not include Selling, administrative and other expenses, since these are mostly fixed costs. Gross profit is expressed as a currency value, gross profit margin as a percentage. The formula for gross profit margin is: Gross profit margin = gross profit / revenue = (revenue-cost of goods sold) / revenue. Gross profit margins vary greatly by industry. Next, divide the cost of goods sold by the result of the first operation. For example, if the cost of goods sold is $40,000 and the result of the first operation was 0.4, you would need $40,000 divided by 0.4, or $100,000 in revenue to reach a profit margin of 60 percent (0.6). To estimate the price necessary to reach a given gross profit margin, you must first calculate the amount of revenue necessary to reach that margin. Begin by subtracting the gross profit margin from one. For instance, if the desired gross profit margin is 60 percent (0.6), the result of this first operation is 0.4. A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit is expressed as a currency value, gross profit margin as a percentage. The formula for gross profit margin is: Gross profit margin = gross profit / revenue = (revenue-cost of goods sold) / revenue. Gross profit margins vary greatly by industry. For example, if a company has $100,000 in revenue and its cost of goods sold is $40,000, its gross profit margin is $100,000 minus $40,000 divided by $100,000, which equals 0.6 or 60 percent. This means that the company keeps 60 percent of its sales revenues after paying for its cost of goods sold. To estimate the price necessary to reach a given gross profit margin, you must first calculate the amount of revenue necessary to reach that margin. Begin by subtracting the gross profit margin from one. For instance, if the desired gross profit margin is 60 percent (0.6), the result of this first operation is 0.4. Once you have the ratio for gross profit / total revenue, simply multiply the resulting decimal by 100 to get a percent value. 1  Example: For the sporting goods shop, the gross profit margin is: 55,000/100,000 = .55 × 100 = 55% 2  . In other words, on average, for each product we sell, we make 55% of the cost as profit. Express this ratio as a percentage. Gross profit margins are usually written as a percentage. Once you have the ratio for gross profit / total revenue, simply multiply the resulting decimal by 100 to get a percent value. 1  Example: For the sporting goods shop, the gross profit margin is: 55,000/100,000 = .55 × 100 = 55% . 2. Next, calculate your gross profit dollars. Total revenue – cost of goods or services sold. $110,000 – $77,0000 = $33,000. 3. Then, you can calculate your gross profit percentage by converting dollars to a percentage. Gross profit / total revenue x 100. $33,000 / $110,000 x 100 = 30%. So, for this example, your gross profit dollars are $33,000 and your gross profit percentage for the month is 30%. It's also different from net profit, which is operating profit minus taxes and interest. In order to calculate gross profit, you must have two important figures. First, you must have the dollar amount of net sales for a given time period. Second, you must have the dollar amount for cost of goods sold (COGS). We then subtract the cost of goods sold ($126,520 m) from total revenues ($144,077 m) to obtain a gross profit of $17,577 m. To obtain the gross profit margin, we divide the gross profit ($17,577 m) by total revenues ($144,077) for a margin of 12.20%. Gross profit is expressed as a currency value, gross profit margin as a percentage. The formula for gross profit margin is: Gross profit margin = gross profit / revenue = (revenue-cost of goods sold) / revenue. Gross profit margins vary greatly by industry. So, for example, we may have sold 100 units this year at $4 each, and these 100 units that we sold cost us $3 each originally. So our sales would be $400 and our cost of the goods we sold (cost of sales) would amount to $300. This would result in a gross profit of $100 (sales minus cost of sales). Cost of goods sold is not the same as purchases, as you will see from our examples below. Gross profit: An initial profit on the product we are selling, before deducting general business expenses. 
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how do you find the amount of cost of goods sold with the gross profit and net sale