Gross profit is 20% of cost sales how do you calculate?

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Gross profit margin is calculated on?
Posted by:
Anayatullah Tahir
14-September-2014

Question added by George Banahene
Date Posted: 2018/02/15

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1 Answers

Yehia Hussien CPA

by Yehia Hussien CPA , Group Internal Audit Manager , Gulf Center Holding Group

Cost of sale will be equal to Revenue - COGs - 100% - 20% = 80%

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