Calculation of gross and net profit to turnover. - SS2 Commerce Past Questions and Answers - page 1

Gross profit margin is calculated by dividing the ______ by the turnover and multiplying by 100.

Net profit margin takes into account all of the following except:

The formula for calculating gross profit margin is:

Net profit margin represents the percentage of net profit in relation to the ______.

Gross profit margin indicates the proportion of each dollar of ______ that is retained as gross profit.

Explain the difference between gross profit margin and net profit margin in relation to a business's financial performance.