What is gp

To calculate the gross profit margin as a percent, you need to know the revenues and the cost of the goods sold. 1. Subtract the total costs of your goods from the revenues the sales generate to find your gross profit.

Agree with samir

Gross profit= Opening stock+Purchase+Direct Expense - Sales - Closing stock

gp =Op stock + purchase +direct expenses ( freight, Unloading etc.,) - cost of goods sold - closing stock

gp =Op stock + purchase +direct expenses ( freight, Unloading etc.,) - cost of goods sold - closing stock