Gross profit help! (1 Viewer)

[Sambam429]

When calculating the gross profit, I know it's gross profit divided by sales. But is less cost of goods sold included in sales?

 

[Drifting95]

Gross Profit = Sales revenue - COGS

Are you talking about the ratio?

If so, it's just Gross profit/sales. Keep sales as the initial amount which is recorded on the financial statement, not - COGS.