GP %calculation formula

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B.com
3025 Points Posted on 01 May 2020
purchased:20,00,000/-
sales: 21,00,000/-
closing stock : 1,00,000/-
G.P. : 2,00,000/-
How to calculate formula of GP precent(%)
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On 01 May 2020 at 17:19 Report
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This discussion clarifies how to calculate Gross Profit (GP) percentage. The standard formula is GP divided by Sales, then multiplied by 100. Using the provided figures, a GP of £200,000 on sales of £2,100,000 results in a GP percentage of 9.52%, as it's always calculated against the total sales value.

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"Do the Right Thing...!!!"
128157 Points Posted on 01 May 2020
Calculate the percentage of GP in the total sale value of Rs 21 lakhs
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On 01 May 2020 at 17:45
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Gross Profit is 9.52% (200,000/21,00,000) and it is always calculated in regards to Net Sales.
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On 04 May 2020 at 14:22
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Proprietor - Pratik Vora & Associates
39 Points Posted on 04 May 2020

Gross Profit percentage is normally taken using Sales as a Base. So the Formula for GP in terms of Sales shall be = GP / Sales *100 

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On 04 May 2020 at 15:02

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