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Posted on Jan 02, 2017

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Sep 19, 2017 | The Office Equipment & Supplies

I haven't used a calculator with these functions, so let's do a test.

I'm guessing is it for doing basic accounting. The equation is Sales - Costs = Gross Profit and maybe Gross Profit / Sales = Gross Margin.

If we enter 100 in sell, 40 in cost, does the margin come out to be 60 or 0.6? If it comes out to 60, the margin is the Gross Profit. If it comes out to 0.6, then the margin is Gross Margin.

Good luck,

Paul

I'm guessing is it for doing basic accounting. The equation is Sales - Costs = Gross Profit and maybe Gross Profit / Sales = Gross Margin.

If we enter 100 in sell, 40 in cost, does the margin come out to be 60 or 0.6? If it comes out to 60, the margin is the Gross Profit. If it comes out to 0.6, then the margin is Gross Margin.

Good luck,

Paul

May 12, 2016 | Office Equipment & Supplies

Hi,

Let's set up a table to see it (sorry, I'm a visual learner;)

Selling Price $2.50 x

Unit Cost $1.00 $1.25

-------

Gross Profit $1.50 x - 1.25

Gross Margin 60% 60%

Time for some algebra;)

x - 1.25 0.6

---------- = -------

x 1

Now we can cross-multiply or multiply both sides by x to get rid of the fraction.

x - 1.25 = 0.6 x

Subtract 0.6x from both sides and add 1.25 to both sides to get the variables on one side and the constants on the other.

x - 0.6 x = 1.25

0.4x = 1.25

Divide both sides by 0.4 to get x by itself.

x= 1.25

------

0.4

x= 3.125

Good luck.

Paul

Let's set up a table to see it (sorry, I'm a visual learner;)

Selling Price $2.50 x

Unit Cost $1.00 $1.25

-------

Gross Profit $1.50 x - 1.25

Gross Margin 60% 60%

Time for some algebra;)

x - 1.25 0.6

---------- = -------

x 1

Now we can cross-multiply or multiply both sides by x to get rid of the fraction.

x - 1.25 = 0.6 x

Subtract 0.6x from both sides and add 1.25 to both sides to get the variables on one side and the constants on the other.

x - 0.6 x = 1.25

0.4x = 1.25

Divide both sides by 0.4 to get x by itself.

x= 1.25

------

0.4

x= 3.125

Good luck.

Paul

Feb 12, 2015 | Office Equipment & Supplies

Does GP stand for Gross Profit? Sorry to ask but one could read it as Grand Prix, Genera Purpose (Jeep), etc.

If you mean gross profit, then it is defined as

**gross profit = revenue - cost of goods sold.**

If you mean gross profit, then it is defined as

Oct 01, 2013 | Office Equipment & Supplies

Gross profit =total revenue -cost of doing business

Gross profit percentage = Gross profit/(Total revenue.)*100%

To increase the gross profit percentage, you decrease the cost of doing business.

Costs= all you have to spend to be able to do business (merchandises, employees' pay, rent of facilities, electric bills, etc.)

Gross profit percentage = Gross profit/(Total revenue.)*100%

To increase the gross profit percentage, you decrease the cost of doing business.

Costs= all you have to spend to be able to do business (merchandises, employees' pay, rent of facilities, electric bills, etc.)

Sep 29, 2013 | Office Equipment & Supplies

Ow this is a math problem! Here is my solution:

Based on the purchased price or Rs1200 for the 20 buckets, each bucket would then cost 1200 / 20 = Rs 60.

To make a profit of Rs 15.50 per bucket, he should sell each bucket with the price of Rs 60 + 15.50 = Rs 75.5.

=)

Based on the purchased price or Rs1200 for the 20 buckets, each bucket would then cost 1200 / 20 = Rs 60.

To make a profit of Rs 15.50 per bucket, he should sell each bucket with the price of Rs 60 + 15.50 = Rs 75.5.

=)

Mar 02, 2011 | Cell Phones

Answer A:

45 dozen: 12 x 45 = 540

Destroyed: 15% of 540 = 540 x (15/100) = 81

Remaining: 540 - 81 = 459

A profit of 265 means that 459 items must sell at 2700+265=2965 naira or 2965/459=6.46 naira approximately.

Cost per item = 6.46 or 6.5 naira approximately

Answer B:

Cost = 800 naira

8 spoilt. Remaining = 200 - 8 = 192 OR 16 dozen (12x16=192)

Selling price: 60 naira per dozen = 60 x 16 = 960 naira

Profit made (selling price - cost price) = 960 - 800 = 160 naira. Percent profit = Profit/cost x 100 = 160/800 x 100 = 20%

Percentage profit = 20%

45 dozen: 12 x 45 = 540

Destroyed: 15% of 540 = 540 x (15/100) = 81

Remaining: 540 - 81 = 459

A profit of 265 means that 459 items must sell at 2700+265=2965 naira or 2965/459=6.46 naira approximately.

Cost per item = 6.46 or 6.5 naira approximately

Answer B:

Cost = 800 naira

8 spoilt. Remaining = 200 - 8 = 192 OR 16 dozen (12x16=192)

Selling price: 60 naira per dozen = 60 x 16 = 960 naira

Profit made (selling price - cost price) = 960 - 800 = 160 naira. Percent profit = Profit/cost x 100 = 160/800 x 100 = 20%

Percentage profit = 20%

Oct 12, 2010 | Computers & Internet

Hi saleem_share,

I'm not sure why you would want to use excel to create a P&L, but the same formula would apply to excel as it would for a standard P&L. In one section of the spreadsheet add all of your income accounts. Then Subtract your cost of sales from that. That would equal your Gross Profit. After that add all the rest of your Expenses, and subtract from the Gross Profit, which would give you your net Profit or Loss Example:

Description

Amount

Formula

Sales Product A

1,000.00

Sales Product B

1,000.00

Total Sales

2,000.00

SUM(C1:C2)

Cost of Sales Product A

500.00

Cost of Sales Product B

200.00

Total Cost of Sales

700.00

SUM(C5:C6)

Gross Profit

1,300.00

SUM(C4-C7)

Auto

25.00

Utilities

50.00

Payroll

300.00

Office Supplies

20.00

Total Expenses

395.00

Net Profit

905.00

SUM(C8-C14)

I hope this helps

Mark

I'm not sure why you would want to use excel to create a P&L, but the same formula would apply to excel as it would for a standard P&L. In one section of the spreadsheet add all of your income accounts. Then Subtract your cost of sales from that. That would equal your Gross Profit. After that add all the rest of your Expenses, and subtract from the Gross Profit, which would give you your net Profit or Loss Example:

Description

Amount

Formula

Sales Product A

1,000.00

Sales Product B

1,000.00

Total Sales

2,000.00

SUM(C1:C2)

Cost of Sales Product A

500.00

Cost of Sales Product B

200.00

Total Cost of Sales

700.00

SUM(C5:C6)

Gross Profit

1,300.00

SUM(C4-C7)

Auto

25.00

Utilities

50.00

Payroll

300.00

Office Supplies

20.00

Total Expenses

395.00

Net Profit

905.00

SUM(C8-C14)

I hope this helps

Mark

Jan 05, 2009 | Microsoft Computers & Internet

Oct 01, 2008 | Computers & Internet

Cost/Sell / Margin can be very confusing it uses the following Account formulas (For Cost = Selling price - ( Selling price / Markup) For Sell = Selling Price =Cost / (1-Margin%))

It is not a pure percentage. Please respond back if you have any other questions.

It is not a pure percentage. Please respond back if you have any other questions.

Apr 22, 2008 | Office Equipment & Supplies

Dec 16, 2017 | The Computers & Internet

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