Curt Cleveland
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Calculating the gross profit on a calculator is easy, provided you have all the essential values: COGS and Net Sales. Now deduct the cost of sold goods from the total revenue to get the gross profit. Mathematically, it can be written as:
Gross profit = Net Revenue - COGS
If you want to convert your gross profit into a percentage, divide the gross profit by net sales and multiply it by 100. The mathematical expression would be:
Gross profit percentage = (Gross profit / Net Revenue) X 100
