What is the formula for a profit?
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Works at the United Nations Office on Drugs and Crime, Lives in Vienna, Austria.
Subtract the COGS from revenue to find the gross profit. Divide the gross margin by revenues and multiply by 100 to convert to a percentage. This is your profit margin. Written as a formula, profit margin is P = (R -- C)/R * 100, where R is revenue and C is cost of goods sold.
2023-05-09 15:01:23
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Charlotte Taylor
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Subtract the COGS from revenue to find the gross profit. Divide the gross margin by revenues and multiply by 100 to convert to a percentage. This is your profit margin. Written as a formula, profit margin is P = (R -- C)/R * 100, where R is revenue and C is cost of goods sold.
