Shelton Corp., a local manufacturer, reported the following information for 2010:

-
What is Shelton Corp.'s gross profit percentage?

Name: Shelton Corp., a local manufacturer, reported the following information for 2010: - What is Shelton Corp.'s gross profit percentage?
Brand: Quizplus
Rating: 4.9 (61 reviews)

Question

Shelton Corp., a local manufacturer, reported the following information for 2010:

-
What is Shelton Corp.'s gross profit percentage?

Quizplus · Accepted Answer

Gross profit percentage is calculated as (Gross Profit / Sales) * 100. Assuming Shelton Corp.'s gross profit is $25,000 and sales are $100,000, the calculation would be ($25,000 / $100,000) * 100 = 25%.