Gross margin is how much the retailer makes as a percentage of ______.
A) profit after the discount on the goods sold is subtracted
B) sales after the cost of the goods sold is subtracted
C) sales after the discount on the goods sold is added
D) the cost of all goods after the profit is subtracted

Question

Quizplus · Accepted Answer

Gross margin is calculated as sales revenue minus the cost of goods sold (COGS), divided by sales revenue, and expressed as a percentage.

Gross Margin Is How Much the Retailer Makes as a Percentage