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RE: What is Gross profit ratio ?

What is Gross profit ratio ?

Nielgrey Trainee Asked on November 6, 2014 in Financial Services.
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2 Answers

Gross profit ratio is  Gross profit divided by Sales . Gross profit  difference between revenue and the cost of producing goods or services sold.
The formula then becomes:

Sales – Direct materials
________________________________
Sales

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CA Mohnesh Kohli Trainee Answered on November 6, 2014.
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