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What is the difference between gross profit margin and gross margin?

Accounting Auditing Budgeting Finance Financial Analyst
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Question added by Hazim Hassan, CMA, CIFR , Chief Accountant , Al-ghanim & Debbas Gen. Trd. Co
Date Posted: 2017/05/24
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Hazim Hassan, CMA, CIFR
by Hazim Hassan, CMA, CIFR , Chief Accountant , Al-ghanim & Debbas Gen. Trd. Co

gross profit is defined as Net Sales minus Cost of Goods Sold. Others use the term gross margin to mean the gross profit as a percentage of net sales. Perhaps the term gross profit margin means the gross profit percentage or the gross margin ratio.

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