How to Calculate Gross Profit Margin- A Guide For Retailers and SMB Owners
Korona
NOVEMBER 2, 2021
To assess the cost-efficiency of a given product, the gross margin is the reference indicator that needs to be used. The gross margin is the difference between the selling price and the total cost of goods and services sold, excluding taxes. See related: What Are Prime Costs? Cost of Goods Sold. Shipping costs.
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