a gift shop had a 42.5 % maintained markup. the shop did not incur any alterations or workroom costs and there were no cash disc

Question

algol13

1 year ago

11

a gift shop had a 42.5 % maintained markup. the shop did not incur any alterations or workroom costs and there were no cash disc

ounts. net sales were $420,000. what was the gross margin percent?

Business

1 answer:

musickatia [10] · Answer 1 · 2024-08-26T12:04:28+03:00

Gross Margin is equal to Total Revenue x 100 is the equation to use when calculating gross margin as a percentage. The gross profit margin displays the revenue that remains after a business has paid all direct costs associated with producing a good or rendering a service.

<h3>What is the percentage of the gross margin telling you?</h3>

Net sales less the cost of products sold are known as gross margin. The gross margin is the profit produced before subtracting selling, general, and administrative (SG&A) costs.

<h3>What does a 50% gross margin entail?</h3>

When an item is produced for $100 and sold for $200, the price includes a 100% markup, or a 50% gross margin. Simply put, gross margin is the portion of the selling price.

To know more about Gross Margin visit:-

brainly.com/question/22718027

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