alymatt2018 alymatt2018

25-09-2018
Business

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Brownie BakeryBrownie Bakery earned net sales revenue of$63,000,000 in2018Cost of goods sold was$42,210,000 , and net income reached$10,000,000 , the company's highest ever. Compute the company's gross profit percentage for 20182018. First, select the formula. Then enter the applicable amounts and calculate the gross profit percentage.

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richardortegav richardortegav

25-09-2018

Gross Profit = Revenue minus cost of good sold divided by revenue

In this case net income is inconsequential.

$63,000,000(revenue) - $42,210,000(cost of good sold) = $20,790,000 (gross profit

$20,790,000/$63,000,000 = 33% (gross profit percentage)

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