What is the formula to calculate gross margin?
A) sales revenue - cost of goods sold
B) sales revenue - selling and administrative expenses
C) total product costs + beginning work-in-process - ending work-in-process
D) cost of goods manufactured + beginning finished goods inventory- ending finished goods inventory

Question

Quizplus · Accepted Answer

Gross margin is calculated as the difference between sales revenue and cost of goods sold.

What Is the Formula to Calculate Gross Margin